OREANDA-NEWS. December 04, 2014. Russian Agricultural Bank and the Republic of Kalmykia signed a Cooperation Agreement aimed at the implementation of the State Program on Agribusiness Development and Market Regulation for Agricultural Products, Raw Materials and Foodstuffs 2013-2020.

In the framework of the Agreement the Bank will expand the financing of the regional agribusiness, including through investment loans disbursement.

For its part, the Kalmykia Government commits to ensure the financial support of the measures stipulated by the State Program and to facilitate the provision of state-issued performance guarantees for agribusiness producers in the region.

The Agreement implementation will allow to increase production and distribution of local farms and individual households and will promote higher food security and living standards in rural areas.