Training sessions already held
First meeting of the BRICS Interbank Cooperation Mechanism (ICM) Working Group on Personnel Training and Experience Exchange (27.11.2015)
Moscow hosted the first meeting of the BRICS Interbank Cooperation Mechanism (ICM) Working Group on Personnel Training and Experience Exchange. The Working Group was established following the results of the annual meeting of the BRICS ICM Bank Governors in Ufa in July 2015 with a view to promoting cooperation under the multilateral Memorandum on Cooperation in Training Personnel and Exchanging Experience between Development Institutions of the BRICS Member Countries.
The meeting participants were addressed by Anatoly Zhigalov, Deputy Chairman of Vnesheconombank - Head of Chairman’s Office. In his welcoming speech, Mr. Zhigalov said: “We all are well aware these days that human resources are crucial to efficiency of both individual companies and our economies at large. In the era of global political, economic and cultural integration, qualitative development of human resources is unfeasible in isolation. And that is why Vnesheconombank and participating institutions actively engage in experience exchange with their foreign partners.”
The participants representing HR departments of such BRICS ICM institutions as China Development Bank, Brazilian Development Bank, Export-Import Bank of India, Development Bank of Southern Africa and Vnesheconombank discussed the outcomes of cooperation in the context of the multilateral Memorandum on Cooperation in Training Personnel and Exchanging Experience between Development Institutions of the BRICS Member Countries that was signed in June 2011.
Furthermore, the meeting touched upon some general issues of personnel management in development banks, the system of remuneration, training and staff development, as well as prospects for cooperation between the participants on experience exchange in significant business areas.
The Russian Export Center (VEB Group) arranged a round-table on Delivering Educational Programmes for Exporting Companies. The round-table discussed the prospects of joint educational programmes for exporting companies.
On the Russian-Kyrgyzstani Development Fund video-conference seminar (20.11.2015)
On 19 and 20 November 2015, Vnesheconombank held the first seminar on experience exchange with the Russian-Kyrgyzstani Development Fund.
Arranged as a video conference, the seminar gave its participants an opportunity to discuss key aspects of financial institutions’ investment activities. In particular, the seminar focused on the loan documentation analysis and borrower relations as exemplified by infrastructure projects, methods and experience of bank risk and liquidity management, export promotion, processing and administration of pledge transactions, as well as placement of financial instruments.
The discussion enabled the parties not only to share their experience but also examine the prospects for joint export projects.
The event gathered 22 officers representing 11 departments of the participating parties.
In October 2015, Vnesheconombank and the Fund signed an agreement on cooperation and interaction in delivering Russian-Kyrgyzstani joint investment and export projects.
VEB meets graduates from the University of Pretoria
The Financial University under the Government of the Russian Federation (the Financial University) hosted a meeting in Moscow between Vnesheconombank's top management and a delegation of graduates of the Global Executive Development Programme of the Gordon Institute of Business Science (GIBS), the University of Pretoria (South Africa). Vnesheconombank's Chairman Vladimir Dmitriev welcomed the guests with an opening speech.
"I am particularly pleased to mention that the Bank is expanding its contacts with South African partners," stated Mr. Dmitriev. "I believe that the cooperation between the VEB Group, the Financial University and the University of Pretoria has considerable potential," he said, proposing to consider jointly how to realise these opportunities.
Other speakers also included Sergey Lykov, Vnesheconombank's Deputy Chairman – Member of the Board, and Andrei Klepach, Vnesheconombank’s Deputy Chairman (Chief Economist) – Member of the Board.
The highlight of the meeting was an overview of the VEB Group's business lines as well as the Bank's participation in large projects and state programmes, current developments and future trends in the Russian economy. The participants also discussed the current state and prospects for the leading banks and development institutions in South Africa, educational programmes offered by the Financial University and the University of Pretoria of the Republic of South Africa, primarily in the field of international cooperation, taking a closer look at the expertise of the Federal Centre for Project Finance in preparation and implementation of development projects.
It was mutually agreed that there was a potential for closer bilateral cooperation in the exchange of information, research and development and joint activities aimed at sharing the universities' expertise and teaching methods as well as the best practices used by the institutions of the two countries in delivering development projects.
The range of bilateral contacts between the VEB Group and its South-African partners has been considerably extended lately: joint events have been successfully held with the Development Bank of South Africa (DBSA), the Industrial Development Corporation, development institutions of the Republic of South Africa in the field of SME support. Mutual activities have been undertaken with participation of the Department of Industry and Trade of the Republic of South Africa as well as with major public and private companies of the two countries in the area of exports support and energy development, high technologies and car manufacturing.
VEB Group Delegation took part in the business events of the Development Bank of Southern Africa
From 23 to 27 February, in Johannesburg, the Republic of South Africa (RSA), the delegation of the VEB Group together with a number of the Russian largest exporters participated in the seminar on experience sharing and in the respective events arranged by the Development Bank of Southern Africa (DBSA) within the frameworks of implementing the multilateral Memorandum on cooperation between finance development institutions of the BRICS member states.
The delegation of the VEB Group was headed by the Deputy Chairman of Vnesheconombank Mr. Anatoly Ballo, who delivered a welcoming speech to mark the beginning of the Seminar, as well as a welcoming speech at the opening of the sections on SME Support and on Support of Exports and Imports in the RSA and Russia.
From the South African part Mr. Patrick Dlamini, the Managing Director and CEO of DBSA, delivered a welcoming speech at the opening ceremony of the Seminar. He acknowledged with appreciation “growing and genuine interest of the parties’ banks’ divisions to the partner’s practices, approaches and experience gained in accomplishing specific strategic and tactical tasks in risk management, effective arranging the investment process, investment projects evaluation, analytical work and SME support. Overall, 81 persons participated in the events.
In the course of the plenary meetings the representatives of DBSA, VEB, SME Bank, the Department of Trade and Industry of the RSA (DTI), the Green Fund of DBSA and the National Treasury of the RSA, PPP Unit discussed their development strategies, key business lines of activities, and current challenges in the investment activities to be addressed in order to further develop the national economies of Russia and South Africa.
Ad hoc working groups of the profile specialists discussed approaches of the financial development institutions to addressing the current tasks related to organizing the system of corporate governance, risk management, interaction with the subsidiaries and stakeholders, considered the issues of financing the support for infrastructure and energy efficient projects.
Special focus was placed on the tools to support SMEs in both countries, developing the system of support for national exports, identifying the possibilities of promoting cooperation through both banks’ partner companies, and to identifying joint projects to be implemented.
Within the frameworks of the Seminar’s Section on SME Support the experience was exchanged and achievements in this particular area were shared and discussed by the representatives of the Department for SME Support of the RSA, the Department for Trade and Industry of the RSA, DBSA, VEB, the JSC “SME Bank”, the Small Enterprise Development Agency of the RSA (SEDA), the Industrial Development Corporation (IDC), the Small Enterprise Finance Agency (SEFA), the National Empowerment Fund (NEF), and the Business Unity of South Africa (BUSA).
To promote the development of foreign trade and economic relations between the two countries, to identify areas of mutual cooperation an ad hoc Section on Export and Import Support in the RSA and Russia was held with participation of the DTI, the Agency for Export Insurance of the RSA (CECCI), the South African Chamber of Commerce and Industry (SACCI), the Department of Int’l Relations and Cooperation of the RSA (DIRCO), the Embassy and the Trade Representation of the Russian Federation in the RSA, the Business Council “South Africa-Russia”, as well as the profile companies of the two countries that are interested in implementing joint projects (Pamodzi Group, Eskom Holdings SOC Ltd., CJSC “VTK “KAMAZ”, “Inter RAO – Export” LLC, companies “Thales Group”, “Mamphore Group”, “Denel” and OJSC “Rosoboronexport”). In the course of the presentations and the working meetings the companies familiarized the participants with their activities, product lines, goods and services that are offered for delivery, pointed out the potential cooperation areas, as well as the expectations relating to instruments and forms of ensuring support for their exports through the development institutions of both countries.
Vnesheconombank places an increased focus on developing such a format of interaction of the VEB Group with the partners form BRICS, SCO, ALIDE, and ADFIAP, since that not only encourages the partners to exchange information on their practices of resolving similar tasks, but also bolsters the development of trustful relationship at the levels of management, divisions and specialists, as well as rises partners’ and their markets’ awareness of the VEB Group and its corporate values.
During its stay in the RSA the Russian delegation visited the Russian Orthodox Church of St. Sergius of Radonezh, which was built on the donations of Vnesheconombank and some other Russian companies and is situated not far from the DBSA premises. The Church is the only Orthodox cathedral in the RSA and carries out its missionary activities not only in South Africa, but in neighboring countries as well. The rector priest Daniel Lugovoi conveyed his gratitude to Vnesheconombank for the aid rendered in the construction of the Church and for the support for the missionary activities of the Russian Orthodox Church abroad.
Delegation of Latin American Association of Development Financing Institutions Participated in Vnesheconombank’s Business Events
During the business mission to Moscow on October 27- 31, 2014, the delegation of Latin American banks that are members of the Latin American Association of Development Financing Institutions (Asociacion Latinoamericana de Instituciones Financieras para el Desarrollo – ALIDE) participated in Vnesheconombank’s events.
The delegation included the representatives of the National Finance Corporation (CFN) of Ecuador, Banco de Cordoba S.A. (Argentina), Financial Fund for the Development of the Plata Basin (Fondo Financiero para el Desarrollo de la Cuenca del Plata – FONPLATA, Bolivia), Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social – BNDES), National Bank of Costa-Rica and the National Bank of Housing and Production (Banco Nacional de la Vivienda y la Producción – BNV, Dominican Republic). Also, the ambassadors and the representatives of the embassies of the Republics of Ecuador, Cuba, Bolivia, Nicaragua, Paraguay and Guatemala took part in the events.
Within the frames of the event the participants exchanged experience on issues related to development strategies of their financial institutions and cooperation with other international and regional financial organizations. The participants in the event witnessed presentations of major principles underlying the activities of the development institutions, procedures for selection and expert evaluation of investment projects qualifying for the banks’ financing, SME support instruments, the specifics of the banks’ interaction with subsidiary entities.
In the course of the meetings of Vnesheconombank’s executives with the ALIDE delegation, Andrei Klepach, Deputy Chairman of Vnesheconombank (Chief Economist) – Member of the Board, expanded on the current macro-economic situation in Russia and the business lines that are of priority importance for developing various industries of the national economy.
Special focus in the business mission program was placed on the Russian system of export support, as well as export projects that are potentially worthwhile and are currently underway in the countries of Latin America and the Caribbean. Sergey Vasiliev, Vnesheconombank’s Deputy Chairman – Member of the Board, highlighted the ongoing state of bolstering cooperation between the VEB Group and Latin American partners, including cooperation within the Russia-Brazil Business Council (the co-chairman of which he was appointed), as well as Russian exporters’ projects in financing of which the VEB Group actively engages. In particular, he pointed out that “today the Russian companies show an increased interest in interaction with Latin America. We are fairly confident that in the near future the cooperation will just keep growing. Actually, Vnesheconombank and the ALIDE financing institutions have a great potential for future sustainable growth and bilateral and multilateral cooperation”.
Within the frames of the business mission Ms. MARÍA SOLEDAD BARRERA, Head of the Latin American delegation, President of ALIDE, Chairman of the Board of Directors of the National Finance Corporation of Ecuador, emphasized that “establishing strategic alliances, as is the case with co-financing of international projects, means fostering multi-vector relations that benefit a speedy increase in the trade turnover. ALIDE is in the process of identifying concrete effective mechanisms and instruments to import innovations from Russia. Such a seminar is a good opportunity to strengthen relations between Russia and the countries of Latin America in the area of business and technical support and establishing credit lines”.
On the 30th of October, sector specific workshops designed to promote Russian exports in aviation, space, energy and automobile industries were held with the participation of Russian major exporters to the countries of Latin America, such as United aircraft Corporation, Sukhoi civil aircraft, Irkut, Russian helicopters, United rocket and space Corporation, Power machines, Inter RAO Export, KAMAZ, GAZ and AVTOVAZ, Rostech.
In the course of the workshops, the exporters presented for their Latin American partners information on the activities of their companies, lines of products and services that are delivered and are offered to be delivered to Latin America, pointed out the barriers that hinder expansion of the Russian exporters’ presence in the countries of the region and their expectations as to the instruments and forms that the development institutions of both parties could offer to support Russia’s exports.
The representatives of the Russian companies confirmed their interest in financing joint projects and came up with concrete proposals concerning deliveries of high-tech goods and services to Latin American countries, as well as projects eligible for joint implementation.
In the course of the energy sector workshop the Russian exporters and both parties’ banks and the representatives of two Argentinean companies namely the Techint-Panedile Consortium and the state provincial power enterprise (Energia Provincial Sociedad del Estado – EPSE) highlighted their positive experience of joint work with the Russian company “Power Machines”.
Within the frames of the business mission, working consultations of the above companies and Vnesheconombank were held. They concerned issues of cooperation in implementing joint projects in Argentina in the field of energy.
The participants emphasized the importance of arrangement of such events for experience sharing in a regular manner for identifying opportunities to implement joint projects in Russia and Latin America, as well as for strengthening strategic partnership between Latin American banks and the VEB Group.
Asociacion Latinoamericana de Instituciones Financieras para el Desarrollo (ALIDE) – is an international organization of Latin American development banks, established in 1968 with the goal to integrate and coordinate the activities of state investment institutions of the member countries of the Inter-American Development Bank. More than 80 financial institutions of 23 countries of Latin America are members of ALIDE. Vnesheconombank (Russia), KFW (Germany), BDC (Canada), Instituto de Credito Official (Spain) and the CDB (China) are associated members of ALIDE. ALIDE headquarters is located in the city of Lima (Peru).
Specialists of the VEB Group and South African Development Institutions held a seminar on experience sharing in SME development and support
A seminar on sharing experience between the representatives of the VEB Group and South African development institutions in the area of supporting SMEs and social entrepreneurship was held in Moscow on 7 to 9 April 2014. The event was organized within the framework of the multilateral Memorandum dated 17 June 2011 on cooperation in staff training and experience sharing between development institutions of BRICS member-countries.
The Russian participants included the representatives of Vnesheconombank, SME Bank, EXIAR, Russian Ministry of Economic Development, Russian Agency of SME Support, UNCTAD Entrepreneurship Development Section. The South African delegation included representatives of SEDA, IDC, SEFA, NEF, Department of Trade and Industry, as well as the South African Embassy in Russia.
The opening speeches were made by Vnesheconombank’s Deputy Chairman Irina Makieva, Chairman of the Board of SME Bank Sergey Kriukov, Deputy Chairman of SME Bank Kirill Semenov and Acting General Director of SEDA, Deputy General Director of the RSA Department of Trade and Industry Sipho Zikode.
During the 3-day seminar, the specialists studied the strategy parameters of development institutions. Furthermore, the experts discussed the specifics of corporate governance system, the current state of Russian and South African SME market, the specifics of state policies and the effective state programs of entrepreneurial support. Special emphasis was placed on the mechanisms of enhancing the accessibility of borrowings for SMEs, the procedures for project expert evaluation and monitoring the fulfillment of loan obligations.
The participants discussed the prospects of promoting the SME support cooperation between state development institutions of both countries, including the activities of Coordinating Committee for Economic Cooperation with Sub-Saharan Africa (Afrocom). The seminar resulted in signing a Memorandum of Understanding by representatives of Vnesheconombank and SEDA.
Totally, 40 attendees from 25 departments of participant institutions took part in the seminar.
Practical Workshop on Sharing Experience Held between Specialists of Vnesheconombank Group and Development Bank of South Africa Group
A workshop on sharing experience for specialists of Vnesheconombank Group and the Development Bank of South Africa (DBSA) Group was held in Moscow from 17 to 19 February, 2014. The workshop was organized as part of implementing the multilateral Memorandum on Cooperation in Personnel Training and Experience Sharing between BRICS Member Countries’ Development Institutions.
The workshop was opened by Alexandr Ivanov, Vnesheconombank’s Deputy Chairman - Member of the Board. The speakers also included Anatoly Ballo, Vnesheconombank’s Deputy Chairman, Kirill Semenov, Deputy Chairman of OJSC SME Bank, Paul Currie, Head of DBSA delegation, Chief Risk Officer, Chairperson of the DBSA Investment Committee and Member of DBSA Group Risk Management Committee, and Sergey Noskov, Director of Administrative Directorate.
In the course of a three-day workshop the specialists studied the financial institutions’ development strategies and the process of interaction between the banks and their affiliated companies, considered the specifics of corporate governance system.
Special consideration was given to the activities of the banks’ Treasuries, operations on the money market and raising finance on the capital markets for investment projects implemented with the participation of the development banks. The risk management systems put in place at the banks and evaluating socio-economic efficiency of the banks’ activities were also given due attention.
The workshop participants exchanged experience in selecting and examining investment projects and various mechanisms of project funding and technical support, monitoring the progress of borrowers’ repayment of obligations under credit agreements. Top priority was given to the banks’ role in procuring integrated development of the respective country territories, application of PPP mechanisms in implementing investment projects, green economy projects and the practices of responsible financing.
Moreover, the participants discussed an export promotion system in Russia and the role of Vnesheconombank Group in SME support.
Overall, 59 employees from 21 subdivisions of the participant banks and their subsidiaries participated in the workshop.
French and Russian Professionals Representing Development Institutions Participated in Seminar on Experience Sharing
14-15 November 2013
On 14-15 November 2013, in Moscow, a seminar on experience sharing was held for the representatives of Vnesheconombank, French Public Investment Bank (BPI France), Ministry of Economy and Finance of France (Ministère de l'Économie et des Finances) and the French Government Shareholding Agency (Agence des participations de l'État). The theme of the seminar was ‘Corporate Governance System: Experience of French Public Organizations and Development Institutions’. The event was arranged by Vnesheconombank together with the French National School of Administration (ENA) and with the support of the French Embassy in the Russian Federation as part of the project on experience sharing among similar profile experts of the development institutions of the two countries.
During the seminar the Russian professionals familiarized themselves with the history of the French public investment system, the concept underlying the establishment of the French Public Investment Bank (BPI France), major legislative acts regulating corporate governance in French public organizations and development institutions, and with the distinctive features characteristic of the current public enterprise management.
The parties devoted special attention to approaches governing shareholder engagement in public institutions’ management in France, organizing control over public development institutions’ activities by supervisory bodies, major lines of reform development and modernization of the public enterprise management system, including that in the sphere of self-regulation and territorial development.
Overall, 37 Vnesheconombank’s employees representing 10 various structural divisions of Vnesheconombank participated in the seminar.
During the seminar the parties also discussed the further development of cooperation in experience sharing between the professionals of Vnesheconombank and French development institutions.
The participants underscored the need to bolster the arrangement of similar joint events that encourage the study and dissemination of advanced practices of corporate governance, investment activities, improvement of internal regulatory procedures, business processes, as well as the urgency of establishing direct сontacts between the professionals of the relevant structural divisions of development institutions of both countries.
Brazilian and Russian experts from development institutions took part in the experience sharing workshop
On 23-25 October, 2013, Rio de Janeiro hosted an experience sharing workshop for the VEB Group and the Brazilian Development Bank (BNDES). The event was organized within the framework of the bilateral Cooperation Agreement signed in 2008, as well as the multilateral HR and Experience Sharing Cooperation Memorandum between BRICS countries’ development institutions.
Workshop participants studied the basic parameters of banks’ development strategies, the effective systems of corporate governance, capacity building and personnel motivation policies pursued by BNDES, organization of research and information work. Particular emphasis was placed on the integrated territorial development in Russia and Brazil, evaluation of social and economic effects of investment projects, risk management and financing investment projects (including the PPP mechanisms). Experts learned about SME support systems effective in both countries, as well as microfinance programs.
Discipline experts discussed the BNDES’ civil aircraft export finance practices, transactions guarantee support, funding, credit portfolio generation, risk management in large infrastructure projects.
Besides, the issues of cooperation in the field of credit facilities in national currencies (within the framework of the BRICS cooperation mechanism) as well as co-financing investment projects for Russian companies in Brazil were considered.
Totally, 43 employees from 31 departments of the participating banks gathered for the workshop.
After the workshop, on October 28 Sergey Vasiliev, Deputy Chairman of Vnesheconombank- Member of the Board, Chairman of Russia – Brazil Business Council, met with Luciano Coutinho, President of BNDES. The parties discussed further steps intended for enhancing the two banks’ cooperation within the BRICS framework and reviewed the agendas of the meeting of the heads of the BRICS countries’ financial development institutions that will take place in 2014 in Brazil and the BRICS Summit.
Vasiliev and Mr. Coutinho emphasized the necessity of further developing such joint events that help introduce the advanced practices and new instruments into the activity of each bank’s departments, upgrade the internal regulations, business processes and procedures, and establish direct contacts between the experts involved. The parties agree that all the aforementioned boosts the development of joint projects and programs and encourages mutual cooperation.
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Master Class “Private Public Partnership in the CIS: Best Practices”
A master class “Private Public Partnership in the CIS: Best Practices” was held on 11 and 12 December, 2012 with the expert assistance of the UN Economic Commission for Europe (UNECE) on the basis of the joint Public Private Partnership Department of Vnesheconombank and the Finance University under the Government of the Russian Federation.
This is the first training session under the agreement on cooperation between UNECE and Vnesheconombank aimed at organizing a dialogue between CIS countries and sharing experience in working out PPP strategy, developing instruments and mechanisms for implementing investment infrastructure projects on PPP terms.
More than 100 specialists from the CIS (Armenia, Kazakhstan, Kyrgyzstan, Moldova, the Republics of Belarus, Tajikistan, Turkmenistan, Uzbekistan, Ukraine) and Russian regions participated in this large-scale international event. Among the speakers were leading foreign and Russian specialists in PPP directly linked to developing this line of activity: representatives of UNECE, the Kazakhstan PPP Center, the Ukrainian Center for Promoting Public Private Partnership, Moldova’s Economic Ministry, the Kyrgyzstan Chamber of Commerce, Tajikistan’s Economic Development and Trade Ministry and the Republican Confederation of Entrepreneurship of Belarus.
Vnesheconombank Chairman, Head of the Public Private Partnership Department Vladimir Dmitriev participated in the master class. In his address he said that it was necessary to boost the use PPP mechanisms to develop social infrastructure and he also told about Vnesheconombank’s activity in PPP in Russia and abroad. The master class participants paid particular attention to human resources and increasing potential for implementing PPP projects in CIS countries.
The master class resulted in consolidating the expert community: its participants outlined the first step towards formulating common approaches to implementing PPP projects in the CIS.
The Joint Department “Public Private Partnership” at the Finance University under the Government of the Russian Federation was opened in May of 2011. Its activity focuses on implementing educational programs and conducting workshops for government and municipal employees and employees of business entities, training of university students as part of their economic education as well as on preparing teaching materials and doing
The United Nations Economic Commission for Europe is one of five regional commissions of the United Nations Organization. It was founded in 1947 by the UN Economic and Social Council (ECOSOC) to develop economic activity and promote economic ties within the UNECE region and between this region and the rest of the world.
Vnesheconombank Holds Practical Workshop on Sharing Experience between Specialists of Vnesheconombank and the China State Development Bank
A practical workshop on sharing experience between specialists of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the China State Development Bank (CSDB) was held in Moscow. The workshop was organized as part of implementing the Agreement on Cooperation in Training Personnel and Sharing Experience between SCO Interbank Consortium Member Banks.
Director of Vnesheconombank’s Banking Activity Directorate Sergei Noskov and CSDB Senior Advisor Wan Yuan acted as moderators of the workshop. They are responsible for coordinating cooperation between the banks’ personnel departments on personnel training and development.
In the course of the workshop specialists shared experience in working out a strategy and a system of corporate social responsibility, organizing personnel training, main lines of developing educational initiatives, assessing positions of each bank as compared with leading foreign institutions. Representatives of CSDB told about their approaches to enhancing financial support for programs of renewable sources of energy as well as about the program aimed at boosting welfare of China’s population.
On the part of Vnesheconombank in attendance of the workshop were representatives of the Banking Activity Directorate, the Strategic Analysis and Developments Department and the Investment Activity Development and Coordination Department of Vnesheconombank and on the part of CSDB – representatives of the Personnel Training Department, the Corporate Customers Department, the Projects Assessment and Expert Examination Department and the CSDB Representative Office in Moscow. The workshop’s participants rated the workshop highly. It is designed not only to upgrade internal processes of the banks’ activity, establish and maintain business contacts but also enhance cooperation between the two banks’ core departments. Specialists also outlined themes on sharing experience for the next year.
Practical Workshop on Sharing Experience between Specialists of Vnesheconombank and the Brazilian Development Bank
A workshop on sharing experience for specialists of the Brazilian Development Bank (BNDES) Group and Vnesheconombank Group was held at Vnesheconombank from 19 to 21 November, 2012. The workshop was organized as part of implementing the bilateral Agreement on Cooperation signed in November of 2008 and the multilateral Memorandum on Cooperation in Training Personnel and Sharing Experience between BRICS Member Countries Development Institutions.
The workshop was opened by Member of the Board, Vnesheconombank Deputy Chairman and Chairman of the Business Council Russia-Brazil Sergei Vasiliev. Among the speakers were also executives responsible for coordinating the whole range of issues relating to international cooperation between the financial institutions: Vnesheconombank Deputy Chairman Alexandr Ivanov, Chairman of CJSC Roseximbank (Vnesheconombank Group) Nikolai Gavrilov, Director of Vnesheconombank’s Banking Activity Directorate Sergei Noskov, Director of the Foreign Relations Department Vladimir Kazbekov and Deputy Managing Director of the International Division of BMNDES Sergio Foldes Guimaraes.
In the course of a three-day workshop specialists shared experience on working out financial institutions development strategies, evaluating socio-economic efficiency of the banks’ activity, making arrangements for working with collegial management bodies and for creating an efficient corporate governance system. The workshop’s participants told about principles and criteria of selecting and examining investment projects, organizing technical support for projects being financed and monitoring borrowers’ repayment of obligations under credit agreements. They gave top priority to comprehensive development of the countries territories, application of PPP mechanisms, each bank’s approaches to making arrangements for interacting with its subsidiaries.
A separate day of the workshop was devoted to creating an export promotion system in each of the two countries. Specifically, the two sides discussed issues of applying leasing transactions as an instrument for stimulating sales of national mechanical/technical products on domestic and foreign markets, prospective export promotion instruments with due regard to the countries’ WTO membership, shared experience on working in third countries’ markets (specifically, in Africa, Latin America and Europe, discussed lines of mutual cooperation and their potential to implement joint projects.
Representatives of the following Vnesheconombank’s departments made presentations and participated in the discussions: the Strategic Analysis and Development Department, the Investment Activity Development and Coordination Department, the Subsidiaries Banks Department, the Infrastructure Department, the Department of Industry, the Structural and Debt Financing Department, the Foreign Relations Department, the Secretariat for Working with Vnesheconombank’s Collegial Management Bodies as well as such subsidiaries of Vnesheconombank Group as OJSC EXIAR, CJSC Roseximbank.
All in all, 54 employees from 14 subdivisions of the participant banks and their subsidiaries (CJSC Roseximbank, OJSC EXIAR and BNDES UK Limited, London) participated in the workshop.
The workshop’s participants rated the workshop highly. IT is designed not only to upgrade internal processes of the banks’ activity, establish and maintain business contacts but also enhance cooperation between the financial development institutions of Russia and Brazil.
Vnesheconombank Conducts Practical Conference on Development Projects of the Krasnodar Region and the Republic of Adygeya
As part of the educational project “Training of Specialists-Participants in Investment Projects Implemented with the Assistance of Development Institutions” A Practical Conference “Vnesheconombank Group: Development Projects of the Krasnodar Region and the Republic of Adygeya was held in Krasnodar from 22 to 23 November, 2012.
This Conference aimed to inform participants in investment processes in the largest constituent entities of the South Federal District about specifics of Vnesheconombank Group’s activity, potential sources of funding and effective mechanisms for implementing top-priority regional projects.
In attendance of the Conference were 123 people including representatives of government and municipals authorities of the South Federal District’s constituent entities as well as executives from commercial organizations taking an active part in the Federal District’s investment activity.
During the first day of the Conference representatives of the companies making up Vnesheconombank Group and the Conference’s participants discussed top-priority economic sectors of the Krasnodar region and the Republic of Adygeya as well as programs of financial support for investment projects.
As part of practical workshops organized on the second day of the Conference Vnesheconombank’s potential borrowers were informed about the Bank’s requirements for investment projects and discussed issues of implementing investment projects with the use of PPP mechanisms. The Conference’s participants were also able to receive practical recommendations on fine tuning their projects from representatives of Vnesheconombank Group.
The conference’s participants showed particular interest in presentations and discussion of projects that are being successfully implemented or scheduled for implementation with Vnesheconombank’s participation including those on the territory of the South Federal District. At present, 6 investment projects are being comprehensively examined at Vnesheconombank. They are scheduled to be implemented on the territory of the Krasnodar region for a total amount of 32 billion rubles. Vnesheconombank’s expected participation share is 24.73 billion rubles.
Educational project ‘Training of Specialists-Participants in Investment Projects Implemented with the Assistance of Development Institutions was developed with Vnesheconombank’s expert support and is designed to form a quality professional environment in preparing and implementing investment projects and is intended for promoting investment culture in the Russian Federation. All in all 1830 people have participated in the project since 2009.
Vnesheconombank Conducts Training for Investment Projects Initiators of the North Caucasus Federal District
Vnesheconombank conducted a training business game “How to effectively prepare and manage investment projects: Vnesheconombank’s and its partners’ best practices”. The training business game was held as part of the educational project “Training of Specialists-Participants in Investment Projects Implemented with the Assistance of Development Institutions” from 7 to 9 November, 2012
In attendance of the business game were 30 specialists from the North Caucasus Federal District’s profit –making organizations which up until now have cooperated with Vnesheconombank’s Representative Office in the city of Pyatigorsk on preparing projects and are planning to send their project proposals to Vnesheconombank in the coming year.
The business game’s participants placed particular emphasis on developing structures of their training projects and drawing up project resumes. As part of financial modeling tasks the game’s participants calculated project basic indicators and dealt in great detail with project implementation graphical schedules, appropriate organizational and contractual schedules, conditions precedent and additional conditions.
The business game developed by Vnesheconombank’s Educational Programs Center was held with the expert assistance of the Bank’s employees from investment subdivisions, the Regional Policy Department and Vnesheconombank’s Representative Office in the city of Pyatigorsk as well as representatives of Vnesheconombank’s partner companies (CJSC KPMG, LLC NEO Center, OJSC Eurasian).
Educational project ‘Training of Specialists-Participants in Investment Projects Implemented with the Assistance of Development Institutions was developed with Vnesheconombank’s expert support and is designed to form a quality professional environment in preparing and implementing investment projects and is intended for promoting investment culture in the Russian Federation. All in all 1800 people have participated in the project since 2009
Vnesheconombank Conducted a Refresher Course at the Finance Academy’s PPP Department on 15-27 October, 2012
A refresher course “Management of Public Private Partnership Projects in Russia’s Regions” was held from 15 to 27 October with the expert assistance of Vnesheconombank’s specialists on the basis of the joint public private partnership department at the Finance Academy.
The training consisted of distance and intramural courses. The distance course included self-study of theoretical materials on the basics of public private partnership (PPP). During their intramural course its participants considered regulatory and legal aspects of implementing PPP in Russia including PPP implementation models. They also dealt with issues of preparing PPP projects, including technical aspects, main principles of project financing, investment analysis and marketing of such projects. In the course of the training top priority was given to practical training classes, specifically, to discussing concrete examples of implementing Russian and foreign PPP projects.
Among the speakers at the refresher course were Vnesheconombank Chairman, Head of the Public Private Partnership Department, Doctor of Economics Vladimir Dmitriev, Director of Vnesheconombank’s Public Private Partnership Directorate, First Deputy Head of the Public Private Partnership Department, Professor Alexandr Bazhenov, leading specialists of the Bank’s structural subdivisions as well as experts of Vnesheconombank’s partner institutions including international financial institutions, legal, auditing, law and engineering companies.
All in all, in the attendance of the training were 61 people from 25 Russian regions, among them were heads and specialists of executive authorities, development institutions and private companies participating in preparing and implementing projects and agreements in the field of PPP.
The joint department “Public Private Partnership” at the Finance university under the Government of the Russian Federation was opened in May of 2011. Its activity focuses on implementing educational programs and conducting workshops for government and municipal employees and employees of business entities, training of university students as part of their economic education as well as on preparing teaching materials and doing research work.
Vnesheconombank Conducted Practical Workshop on Development Projects for Constituent Entities of the Far East Federal District on October 25, 2012
A practical workshop “Vnesheconombank Group: Development Projects of the Far East Federal District” was held as part of implementing the educational project “Training Specialists-Participants in Investment Projects Implemented with the Assistance of Development Institutions” in the city of Vladivostok on October 25,2012.
In the course of the workshop representatives of organizations that are members of Vnesheconombank Group spoke about mechanisms for interacting with constituent entities of the Russian Federation and told the workshop’s participants about principles and criteria of selecting investment projects, terms of implementing projects with the use of public private partnership mechanisms and programs to develop the Far East and the Baikal region.
In attendance of the workshop were 48 representatives of the business community as well as heads of the regional and municipal authorities of the regions of the Far East Federal District.
The workshop’s participants showed particular interest in presentations and discussions of the projects being implemented or scheduled to be implemented with Vnesheconombank’s participation. The Bank’s potential borrowers were able to receive practical recommendations on finalizing their projects from Vnesheconombank Group’s representatives.
As of September 1, 2012 Vnesheconombank made positive decisions on 10 investment projects of the Far East Federal District, with the total value of which being 100.6 billion rubles and Vnesheconombank’s participation share being 60.3 billion rubles. The District’s 4 investment projects are being considered by the Bank, with Vnesheconombank’s expected participation share being 13.5 billion rubles.
Educational project ‘Training Specialists-Participants in Investment Projects Implemented with the Assistance of Development Institutions was developed with Vnesheconombank’s expert support and is designed to form a quality professional environment in preparing and implementing investment projects and is intended for promoting investment culture in the Russian Federation. All in all 1750 people have participated in the project since 2009.
Vnesheconombank’s Competition Results for Participants of the All-Russian Seliger-2012 Youth Educational Forum Summed Up
From July 4 to August 2, 2012 State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ held a competition for the best innovation project for participants in the shift “Innovations and Technical Creativity” of the All-Russian Seliger -2012 Youth Educational Forum as part of the educational project “Training Specialists – Participants in Investment Projects Implemented with the Assistance of Development Institutions.
The competition aims to assist the process of commercializing innovative ideas, developments and inventions through raising a level of expertise of future Russia’s s scientific and technical personnel on mechanisms for raising investments for implementing investment projects.
The competition’s participants were required to fill in a questionary and give the most detailed description of their innovation project. The applications received went through two stages of selection in Vnesheconombank’s structural subdivisions. All in all 27 applications were submitted from Moscow, the Kemerovo, Leningrad, Saratov, Novosibirsk, Voronezh, Astrakhan, Penza, Tomsk, Moscow and Kursk regions, the Altai and Stavropol Territories as well as the following republics: Tatarstan, Komi, Bashkortostan, Chuvashia and Udmurtia.
The winners of the completion were as follows:
Alexandr Viktorovich Berveno – post graduate student of the Institute of Coal Chemistry and Materials Chemistry, the city of Kemerovo. The project of carbon nanoporous sorbents.
Sergei Alexandrovich Pozdnyakov – a post graduate student of the Voronezh State pedagogical University, the city of Voronezh. The project of energy-generating road surfaces
Alexei Mikhailovich Samsonov – post graduate student of the Chuvash State Pedagogical University named after Yakovlev, the city of Novocheboksarsk. The project of computer technology model of targeted drug delivery to the cell.
The competition’s winners are to undertake a 4-week on the job training in Vnesheconombank’s investment subdivisions.
In the course of their on the job training young specialists are to be consulted on their own projects and will take a look at Vnesheconombank’s structural subdivisions operation and will be able to apply received knowledge in practice.
A competition for the best project for the Seliger Forum’s participants was held for the third time and it is designed for students and post graduate students of technical and economic universities whose activity is associated with developing investment projects.
Vnesheconombank Conducts Training Session for Young Engineers
In the course of the International Youth Industrial Forum “Engineers of the Future – 2012”, Vnesheconombank conducted an educational service for technical specialists from Russia’s leading enterprises: “How to Efficiently Prepare and Manage Investment Projects: Vnesheconombank’s and its partners’ Successful Practice”. The service was for the most part aimed at discussing technical specialists’ main functions in preparing and implementing investment projects.
25 specialists participated in the training session conducted as part of the Educational Project “Training of Specialists – Participants in Investment Projects Implemented with the Assistance of Development Institutions”.
Employees of Vnesheconombank and Vnesheconombank’s Representative Office in the city of Krasnodar as well as representatives of such companies as CJSC KPMG, LLC NEO Center, CJSC SVEKO Soyuz Engineering acted as the educational service’s experts.
The educational service’s participants studied the Bank’s main lines of activity as a development institution and specifics of project financing. Young engineers also discussed key aspects of preparing project documentation, forming a budget of capital investments, methods of calculating costs of building industrial facilities as well as identification risks of investment projects and key mechanisms for managing and monitoring investment projects.
Upon completing the training 18 specialists received certificates of the educational project.
The Educational Project “Training Specialists – Participants in Investment Projects Implemented with the Assistance of Development Institutions” was developed with Vnesheconombank’s expert support and is designed to create a qualitative professional environment in preparing and implementing investment projects. Since 2009, more than 1700 specialists have participated in the project.
Vnesheconombank Participated in the Seliger -2012 All-Russian Youth Education Forum on July 4-8, 2012
From 4 to 8 July, 2012, representatives of Vnesheconombank and its subsidiary institutions participated in the theme session “Innovations and Technical Creativity” at the Seliger-2012 All-Russian Youth Education Forum.
Vnesheconombank’s and SME Bank’s experts consulted the session’s participants on the issues of preparing and implementing investment projects, supporting small and medium-sized enterprises as well as conducted educational trainings and gave lectures on making business plans of investment projects and on basics of venture financing. Vnesheconombank Group’s specialists participated in a master class as part of which they discussed in great detail operating mechanisms for innovation lift as well as in an expert session on assessing projects participating in the Zvorykin Project.
More than 300 people participated in Vnesheconombank Group’s training program.
Vnesheconombank invited Forum’s participants to a competition for the best innovation project. The competition is to be held from July 4 to August 2, 2011. As a result of the competition three winners are to be chosen. They will be able to undertake four-week on the job trainings at one of Vnesheconombank’s or its subsidiary institutions’ investment subdivisions.
Vnesheconombank Group participated in this Forum as part of the educational project “Training of Specialists – Participants in Investment Projects Implemented with the Assistance of Development Institutions” and was aimed at enhancing expertise of Russia’s would-be research and technical personnel.
Vnesheconombank Conducted a Refresher Course at the Finance Academy’s PPP Department on 1-21 April, 2012
A refresher course “Management of Public Private Partnership Projects in Russia’s Regions” was held from 1 to 21 April 2012 with the expert assistance of Vnesheconombank’s specialists on the basis of the joint public private partnership department at the Finance University under the Government of the Russian Federation.
The training consisted of distance and intramural courses. The distance course from 1 to 15 April 2012 included self-study of theoretical materials on the basics of public private partnership (PPP). During their intramural course its participants considered regulatory and legal aspects of implementing PPP in Russia including PPP implementation models. They also dealt with issues of preparing PPP projects, including technical aspects, main principles of project financing, investment analysis and marketing of such projects. In the course of the training top priority was given to practical training classes, specifically, to discussing concrete examples of implementing Russian and foreign PPP projects, conducting business games and master classes of Russian and foreign leading experts in this field.
Among the speakers at the refresher course were leading specialists of the Bank’s structural subdivisions as well as experts of Vnesheconombank’s partner institutions including international financial institutions, legal, auditing, law and engineering companies.
All in all, in the attendance of the training were 64 heads and specialists of regional executive authorities, development institutions and private companies participating in preparing and implementing projects and agreements in the field of PPP from 26 regions of the Russian Federation including Moscow, Saint-Petersburg, Rostov-on- Don, Yekaterinburg, the Volgograd, Kemerovo, Murmansk, Novosibirsk, Orenburg, Sakhalin, Tver, Tomsk, Tyumen and Jewish autonomous regions, the Baikal, Kamchatka, Krasnodar, Krasnoyarsk, Perm Stavropol and Khabarovsk territories, the republic of Adygeya, Bashkortostan, Udmurtia, Sakha (Yakutia), Yamalo-Nenetsk autonomous district.
The joint department “Public Private Partnership” at the Finance University under the Government of the Russian Federation was opened in May of 2011. Its activity focuses on implementing educational programs and conducting workshops for government and municipal employees and employees of business entities, training of university students as part of their economic education as well as on preparing teaching materials and doing research work.