OREANDA-NEWS. December 15, 2008. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Altai Territory Administration signed a Cooperation Agreement.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the Altai Territory Administration - by Governor Alexandr Karlin.

The Agreement aims to establish strategic partnership and promote long-term effective cooperation between the parties in investment activity.

Under the Agreement the parties intend to cooperate in financing investment projects, implementation of which is planned in the Altai Territory. A list of projects is to be made annually on the basis of the region’s socio-economic development priorities. The parties plan to give top priority to projects in the agricultural complex and pharmaceutics as well as to supporting small and medium-sized business in the region.

The implementation of this Agreement would help address issues of the region’s socio-economic development and boost its economic and industrial potential.