Vnesheconombank to Promote the Comprehensive Development of Territories
In the course of the Petersburg International Economic Forum-2013 State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ signed the following agreements in order to establish strategic partnership and promote long-term effective cooperation in the investment activity with constituent entities of the Russian Federation:
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Agreement on Cooperation with the Government of the Kaluga Region
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Agreement on Cooperation with the Government of the Kirov Region
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Agreement on Cooperation with the Government of the Leningrad Region
The parties intend to cooperate in raising funds to fund investment projects to be implemented among other things on the principles of public private partnership, work out schemes for their implementation, cooperate in preparing evaluations of projects and enhance the development of small and medium-sized enterprises.
The parties also agreed to hold regular meetings of their representatives to discuss the course of implementation of these Agreements, coordination and development of joint action plans and programs.
The Agreements’ implementation would stimulate investment activity, address top-priority objectives of regions’ socio-economic development and boost their economic and industrial potential
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Phone: +7 (499) 608-46-93, Fax: +7 (499) 975-21-34
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Vnesheconombank and the International Bank for Economic Cooperation Agree to Cooperate
State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the International Bank for Economic Cooperation (IBEC) entered into an Agreement on Strategic Cooperation.
On behalf of Vnesheconombank the Agreement was signed by Chairman Vladimir Dmitriev and on behalf of IBEC – by Vladimir Bely and Board Member Egidiu Hentes.
The Agreement is designed to establish long-term cooperation in project and trade financing. The parties intend to focus on their joint participation in implementing foreign economic projects aimed at the state’s support for industrial exports including support for the export of Russian products and services to IBEC member countries.
Under the Agreement the parties are also to give high priority to their participation in implementing projects of national significance to be carried out on PPP principles including projects on the construction of infrastructure facilities as well as facilities designed to secure the functioning of special economic zones.
The parties also agreed to fund programs of supporting small and medium-sized enterprises in Russia and IBEC countries, participate jointly in investment funds as well as share business experience and information in various fields related to financial institutions activity.
The International Bank for Economic Co-operation was established in 1963 in Moscow. The Bank's member countries are: the Republic of Bulgaria, the Socialist Republic of Vietnam, the Republic of Cuba, Mongolia, the Republic of Poland, the Russian Federation, Romania, the Slovak Republic and the Czech Republic. In accordance with a decision of the Council of the IBEC the Bank's Balance Sheet has been kept in euros. The IBEC's authorized capital is 400 million euros. The Bank has a broad network of correspondent banks in the IBEC member countries as well as in other countries.
Press Office of Vnesheconombank
Phone: +7 (499) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru