OREANDA-NEWS. In the course of the International Conference “Sustainable Growth through Long-Term Investments” State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and Indonesia EXIMBANK entered into a Memorandum of Understanding.

On behalf of Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of EXIMBANK – by Chairman and Chief Executive Officer I Made Gde Erata.

Under the Memorandum the parties agreed to mutual partnership in developing and enhancing bilateral cooperation in co-financing of projects, exchange experience in structural and trade financing, funding export transactions and share information on current and potential projects being implemented by both parties.

Indonesia Eximbank is a state-owned bank of the Republic of Indonesia established in 1999. The bank’s main mission is to implement government programs to stimulate export transactions.