OREANDA-NEWS.  January 30, 2012. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’and the United Nations Economic Commission for Europe (the UNECE) entered into an agreement on setting up an International Public Private Partnership Center (PPP) under the UNECE.

On behalf of Vnesheconombank the agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the UNECE - by its Executive Secretary Jan Kubis.

Under the agreement the parties are to cooperate in accordance with the Working Plan for 2012, which they approved earlier. The International PPP Center is designed to create conditions for developing PPP in the world and on the national level in the form of cross-country cooperation and country specialization.

As part of implementing Programme) the Project “Development of Public Private Partnership in Russia”  jointly with the UNDP, Vnesheconombank starts setting up a Donor Fund.

Under Vnesheconombank’s strategy for 2011-2015 a Donor Fund is to be set up to provide technical support for regional administrations in the form of providing target grants for personnel retraining, developing regulatory-legal framework, preparing pre-project documentation in order to address social issues on PPP principles in the regions with low budgetary capacity.

During the Strategy’s implementation period no less than 100 million rubles are scheduled to be raised from corporate donors and interested Russian and foreign organizations for providing grants to government and municipal authorities.