Press Briefing on the International Working Group of Sovereign Wealth Funds by Co-Chairs, Mr. Hamad al Suwaidi of the Abu Dhabi Investment Authority, and Mr. Jaime Caruana of the International Monetary Fund, with David Murray of the Australia Future Fund and Chair of the IWG's Drafting Group

Transcript No. 08/02
October 11, 2008
Washington, DC

MR. AL SUWAIDI: Ladies and gentlemen, thank you for joining us today. Clearly you do not need me to tell any of you that we are living in exceptional times, a world that is challenging the foundations of our global financial system. Uncertain times demand a greater sense of responsibility from all of us, both you as journalists covering global developments and sovereign wealth funds and as major participants in the global market. I believe it is for this reason that what we are able to announce today is of even greater significance than it might have been when we started out on this challenging process.

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