Vnesheconombank’s delegation participated in the fourth Group of Twenty meeting of the countries financial development institutions’ heads – D20 and a conference devoted to issues of moving to the world’s innovative, viable, interrelated and inclusive economy (the city of Beijing, the People’s Chinese Republic).
Participants in the D20 events discussed prospects for development between development banks of the Big of Twenty countries, their interaction with international and regional financial development institutions. A special attention was given to issues devoted to a role of long-term investments in building innovative economy, ensuring inclusive growth as well as to reducing poverty level.
N. Tsekhomsky: “Memorandums on Cooperation signed by VEB with the Export-Import Bank of India and the Development Bank of Southern Africa form the basis for implementing joint projects and sharing business experience”.
TASS, May 27, 2016, BeijingAs part of the D20 events, Vnesheconombank signed agreements on cooperation with the Export-Import Bank of India and the Development Bank of Southern Africa.
There was also a sitting of the Long-Term Investors Club (LTIC) Coordinating Committee in the course of which they discussed the Club’s and its governing bodies’ main lines of activity. VEB has been the Club’s member since June of 2009.
As part of the D20 events, VEB’s management held a number of meetings in a bilateral format with the management of the following partner banks: the China Development Bank Corporation, the Export-Import Bank of India, the Development Bank of Southern Africa Limited and others.
The fifth meeting of the Group of Twenty countries financial development institutions’ heads is scheduled to be held in Germany in 2017.
N.Tsekhomsky: “Our Chinese partners’ business experience in terms of risk management, human resources policy and lending can be used upon preparing a strategy of development”.
PRIME, May 27, 2016, BeijingOn the eve of the D20 events, VEB’s delegation participated in a workshop devoted to activity undertaken by the China Development Bank Corporation (CDB) as a leading development institution in China.
It was Vnesheconombank’s initiative in 2013 to hold meetings of G20 development institutions in the D20 format. The first meeting resulted in a statement on the role of development institutions in upgrading the world’s financial and economic system. The D20 format enables development institutions to discuss pressing problems facing the world economy thus contributing to forming the G20’s economic agenda.
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