OREANDA-NEWS. In the course of the fourth meeting of the Group of Twenty countries financial development institutions’ heads – D20 in Beijing, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Export-Import Bank of India signed an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by First Deputy Chairman - Member of the Board Nikolai Tsekhomsky and on behalf of the Export-Import Bank of India – by David Rasquinha.

The parties agreed to cooperate in implementing projects in infrastructure, sustainable development, energy efficiency as well as in sharing business experience and information.

The Export-Import Bank of India was set up in 1982, its sole shareholder the Government of India. It is headquartered in the city of Mumbai. The Bank’s main lines of activity are funding and providing support for exports; international investment funding; project finance, corporate services. Like Vnesheconombank, the Export-Import Bank of India is a participant in the BRICS interbank cooperation mechanism.