OREANDA-NEWS. March 2, 2009. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Krasnoyarsk Territory Administration entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Krasnoyarsk Territory – by Governor Alexandr Khloponin and First Deputy Governor – Chairman of the Government Edkham Akbulatov.

This Agreement aims to establish strategic partnership, promote long-term effective and mutually beneficial cooperation of the two parties in innovation activity.

Under the Agreement the two parties intend to cooperate in raising funds to finance investment projects planned to be implemented in the Krasnoyarsk Territory. A list of projects is to be made annually based on the Concept of the region’s socio-economic development and main lines of Vnesheconombank’s acivities.

The parties give top priority to projects aimed at removing economic growth infrastructure restrictions, boosting power engineering, transport and municipal housing and communal sector infrastructure, more efficient utilization of natural resources, environmental protection, improving ecological situation and boosting innovations.

The Agreement also provides for Vnesheconombankl to help build up support for small and medium-sized business by strengthening the mechanism for micro-financing by way of lending regional credit institutions and legal entities that provide support for small and medium-sized business.

The implementation of this Agreement would help address top-priority objectives of the region’s socio-economic development and enhancing its economic and industrial potential.