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Vnesheconombank and the Agency for Strategic Initiatives Will Establish an Institute of Certified Project Selection Managers in Regions

An institute of VEB Certified Project Selection Managers will be created in Russian regions. The graduates are to search for and sift out promising investment projects. This decision was reflected in the agreement between Vnesheconombank and the Agency for Strategic Initiatives (ASI) executed during the Russian Investment Forum in Sochi.

The document was signed by Vnesheconombank's Chairman Sergey Gorkov and by ASI's General Director Svetlana Chupsheva.


As part of development of their cooperation, the parties are planning to introduce a new approach to the way the Bank and ASI work with Russian constituent entities in attracting investment to promising projects. It will rely on unified project selection standards and a scoring model for preliminary assessments based on an online platform, which is to result in a system for preparing VEB's certified managers in Russian regions, a broader filter for selecting projects, reduced time period for project consideration, focus on customer and improved economy of the projects through regional state support measures. All of the above is to make the process as clear and transparent as possible.

The programme will roll out across top 20 Russian constituent entities ranked by the state support level.

Vnesheconombank's Chairman Sergey Gorkov: “We are moving to a stage of proactive work with regions in terms of searching and selecting new projects for VEB. Together with the Agency for Strategic Initiatives, we have developed a new approach to the process, given the strong competencies of the both organisations. Our focus is on infrastructure and high technology projects, STI projects and non-commodity export support.”

ASI's General Director Svetlana Chupsheva: “ASI has a wide regional network and an extensive experience in working with business representatives. I believe, Vnesheconombank's expertise and resources will allow us to create an efficient instrument for selecting and financing most promising projects while the unique 'open selection' methodology will attract first class professionals.”

The programme for introducing the new approach to VEB will be coordinated by the Bank's Deputy Chairman Alexey Ivanchenko.


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