OREANDA-NEWS. On March 18, 2009 Russian Agricultural Bank and the Government of Ivanovo Region signed Cooperation Agreement on Implementation of the Federal Program on Agribusiness Development 2008-2012, reported the press-centre of Russian Agricultural Bank.

In the framework of the Cooperation Agreement the Parties will ensure credit availability for the development of animal breeding, SMEs and housing construction in rural areas.

RAB and the Government of Ivanovo Region will work together to establish and further expand production facilities for agriproduct processing. Besides, the    Cooperation Agreement provides for modernization and development of procuring and supply-sale consumer cooperatives, as well as consumer cooperatives on agriproduct primary processing.

In the course of Agreement implementation the Bank will annually increase the amount of lending to the agribusiness of Ivanovo Region. RAB will extend investment loans for the development of priority agribusiness subsectors, and for technical and technological modernization of the regional agribusiness.