Vnesheconombank Chairman Vladimir Dmitriev attends the third meeting of the Heads of the G20 financial development institutions in Istanbul, Turkey

MOSCOW, 28-5-2015 — /EuropaWire/ — Vnesheconombank Chairman Vladimir Dmitriev participated in the third meeting of the Heads of the G20 financial development institutions – the D20 and a conference devoted to development of infrastructure as a main instrument for long-term development (the city of Istanbul, the Turkish Republic).

The Heads of the G20 financial development institutions discussed issues of cooperation between the G20 development banks and their interaction with international financing institutions and regional banks and a role of financing institutions in developing social infrastructure. A special emphasis was placed on development banks’ capabilities to raise long-term investments for infrastructure projects.

The heads of the G20 financial development institutions approved a final statement.

The fourthmeeting of the G20 financial development institutionsis scheduled to be held in China in 2016.

A meeting of the Long-Term Investors’ Club (LTIC) Coordinating Committee was also held in the course of which they discussed main lines of the Club’s and its management bodies’ activity. VEB is a member of LTIC.

As part of the D20 meetings, VEB’s management and executives of partner banks: the European Investment Bank, Italian Bank Cassa Depositi e Prestiti, the Development Bank of South Africa, the Industrial Development Bank of Turkey held meetings in a bilateral format.

Vnesheconombank initiated meetings of the G20 financial development institutions in the D20 format. The first meeting held in 2013 resulted in a joint D20 statement on the role of development institutions in improving the world’s financial and an economic system. At the second meeting of the heads of the D20 financial development institutions held in Rome in 2014, VEB put forward an initiative on including representatives of D20 format financial institutions in national delegations for them to participate in meetings of the D20 Investment and Infrastructure Working Group (IIWG).

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