OREANDA-NEWS. December 9, 2009. The International Conference “The Modernization of the Russian Economy: the Role of Development Institutions” organized by State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ is under way in Moscow. Vnesheconombank Chairman Vladimir Dmitriev and President of the European Bank for Reconstruction and Development Thomas Mirow delivered welcoming addresses to the participants and guests.

VEB offers itself as a coordinator of cooperation between the Russian Federation and international development institutions

Vnesheconombank (VEB) offers itself as a coordinator of cooperation between the Russian Federation and international development institutions. This offer was made by VEB Chairman Vladimir Dmitriev at the Conference “The Modernization of the Russian Economy: the Role of Development Institutions”.

“We also think that it is necessary to enhance coordination in those international development institutions in which the Russian Federation participates”, he said. He says that he means the World Bank, the Eurasian Development Bank, the Black Sea Trade and Development Bank and the InterAmerican Development Bank.

“Russia’s role should be more coordinated and to a greater extent serve the interests of modernization”, said V.Dmitriev stressing that VEB offered itself as an instrument of cooperation and coordination in modernizing the economy in the post-crisis development of Russia.