17 July 2019
In the run-up to the 5th Eastern Economic Forum 2019, on 29–30 July, with the support of the Roscongress Foundation, the Government of the Republic of Sakha (Yakutia) will hold a session ‘The Contribution of International Financial Institutions to the Development of the Russian Far East.’
During the session, opportunities to harness the resources of international financial institutions (IFIs) to implement investment projects in the Far East will be discussed. Participants will also exchange their experience of engaging IFIs and examine new mechanisms and tools that can be used to attract foreign capital for projects in the Far East.
The EEF field session in Yakutia will also serve as a platform for strengthening and developing partnerships with international financial institutions and banks and for the promotion of investment projects and support for SMEs.
The heads of federal ministries and departments, state corporations, representatives of international financial institutions, international banks, major companies from Japan, China and Korea, consulting organizations, and the heads of the Far East regions have been invited to participate in the event.
At the panel discussion of the session, the participants will discuss the following topics:
• The mechanism by which the Russian Federation obtains loans from international development banks;
• Lending to the regions and organizations by multilateral development banks, opportunities and challenges;
• Experience and prospects for the implementation of investment projects by the Far East regions with the participation of international financial institutions.
The topic ‘Creating new tools and preferences to attract foreign capital for projects implemented in the Far East’ has been submitted for consideration to groups containing experts, where session participants from the regions, IFIs, business and government can look into this issue in detail and try to analyze the system for engaging IFIs from an alternative standpoint.
In the region of Republic of Sakha (Yakutia) projects have been implemented with the participation of international financial institutions. For example, together with TAHAL GROUP and LLC CECT Infrastructure Consulting a project was implemented to construct new water intake and water treatment facilities. Now the republic is holding negotiations to implement a series of projects in transport, renewable energy and utilities infrastructure with the Japanese bank JBIC and the New Development Bank.
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