OREANDA-NEWS. VEB Chairman Vladimir Dmitriev participated in the city of Rome (Italy) on July 4, 2014 in a conference devoted to Group of Twenty countries development banks' role is ensuring sustainable development of national and regional economies and in the second meeting of G20 countries financial institutions' heads in the D20 format.

In 2013, VEB acted as an initiator of holding G20 development institutions meetings in the D20 format.

At the last meeting, its participants discussed issues of cooperation between G20 countries development banks, their interaction with international financial institutions, development banks' role in promoting green projects as well as development banks' capabilities in raising private long-term investments. In his address, Vladimir Dmitriev announced VEB's initiative on including representatives of D20 format financial institutions in national delegations to participate in G20 Investment and Infrastructure Working Group meetings.

Development banks' participation in the G20 Working Group is of mutual interest and would contribute to effective funding of long-term projects in close cooperation with international financing institutions, national governments and private long-term capital.This initiative was fixed in the final statement of the D20 meeting's participants.

VEB Chairman Vladimir Dmitriev met with Co-Chair of the Russian-Italian Forum-Dialogue within Civil Societies Louisa Todini. They identified prospects for promoting and enhancing business, social-humanitarian and cultural cooperation, approved an action plan as part of the Forum-Dialogue as well as agreed to hold a regular annual meeting of the Russian-Italian Forum-Dialogue within Civil Societies in autumn of 2014 in Russia.

VEB's Chairman participated in a session of the Long-Term Investors Club Coordinating Committee. In the course of the session, its participants discussed the Club's and its governing bodies' main lines of activity.

Vladimir Dmitriev met the management of the KfW Banking Group and discussed the project of establishing a Joint Fund to Support Small and Medium-Sized Enterprises and issues of working out conditions for a credit line under the program "Baltica".

In the course of Group of Twenty -D20 financial development institutions' events the following documents were signed:
* A Memorandum of Understanding with Italy's Bank CassaDepositiprestiti (CDP) providing for cooperation between the financing institutions in implementing infrastructure projects and in supporting exports, small and medium-sized enterprises as well as sustainable development;
* A Framework Agreement with Mediabanca against Italian insurance coverage agency SACE;
* A Memorandum of Understanding with the Italian National Agency for Investment Promotion (INVITALIA) designed to enhance cooperation between the parties in implementing projects in various sectors.

Vladimir Dmitriev and President of OJSC United Aircraft Corporation (UAC) Mikhail Pogosyan and Alenia Aermacchi CEO GuiseppeGiordo visited SuperJet International (SJI) a joint venture of OJSC Sukhoi Company and Alenia Aermacchi.

They discussed issues of organizing a competitive system of funding export supplies of Russian civil aircraft. A full-flight simulator "Superjeta" was demonstrated. All in all there are three simulators - one is in Venice, the second based on Superjeta - inthe city of Zhukovsky and the third - in Aeroflot company which is actively operating Superjet-100. The simulator can imitate any flight and weather conditions. These simulators are used to trainall Superjet pilots. As of today, 344 pilots have been trained for various world companies operating the Russian aircraft. Three Superjet-100 liners were demonstrated in the customizationcenter of SuperJet International. They are intended for Mexican airline Interjetwhich is already operating 8 similar aircraft. Vnesheconombank participates in a consortium of international banks responsible for extending syndicated loans to fund supplies of 20SukhoiSuperjet 100 aircraft to the Mexican airline.