OREANDA-NEWS. October 25, 2012. In the course of an annual meeting of the International Monetary Fund and the World Bank Boards of Governors held on October 12-14 2012 in the city of Tokyo representatives of Vnesheconombank Group participated in a series of bilateral meetings and multilateral events.

Vnesheconombank Deputy Chairman Andrei Sapelin held talks with the management of such major Japanese industrial companies as Mitsubishi Heavy Industries and Sojitz Corporation on implementing a jointly financed project aimed at building a plant to manufacture ammonia, methanol and ammonium nitrate.

As part of the events in Tokyo Vnesheconombank Deputy Chairman Alexandr Ivanov met with the management of leading state-run and private Japanese financial institutions - the Japan Bank of International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), Japan’s system-forming financial groups – Sumitomo Mitsui, Mitsubishi UFJ and Mizuho and together with Russia’s Direct Investment Fund Director General Kirill Dmitriev he met with Chairman and Chief Executive Officer of BlackRock Larry Fink. BlackRock is one of the largest global investment funds.

Member of Board – Deputy Chairman Sergei Vasiliev participated in an annual session of the Institute of International Finance (IIF) and held talks with Luciano Coutinho, President of BNDES (Brazil’s Development Bank) which is one of Vnesheconombank’s key partners in Latin America and with the management of the Latin American Association of Development Financing Institutions (ALIDE) as well as participated in an annual meeting of International Development Finance Club (IDFC) member banks.

In the course of the IDFC annual meeting, its participants discussed the Club’s performance for 2012 and approved the Club’s activity plan for 2013 which includes such top-priority lines of activity as infrastructure, renewable power engineering, energy efficiency and development promotion. After the meeting its participants issued a communiquй confirming IDFC member banks’ intention in their capacity of development institutions to promote sustainable development and address global issues of the world’s modern economy.