OREANDA-NEWS. Vnesheconombank and the UN Development Program (UNDP) have signed the Cooperation agreement in the field of realization of the projects directed on steady economic and social development of regions of Russia.

According to the Agreement, Vnesheconombank and UNDP are going to implement the joint projects focused on strengthening of economic potential of the regions, directed on transfer of the international knowledge and experience to subjects of the Russian Federation with a view of development of concepts of social and economic development.

According to the document, the parties plan to promote attraction of direct investments and export of the hi-tech production made on the territory of subjects of the Russian Federation, to promote realization of programs on restoration and development of economy and infrastructure in republics of Northern Caucasus, to support development of small and medium-size business.