OREANDA-NEWS. June 11, 2010. In Paris the state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank) and the French bank Caisse des Depots et Consignations  (CDC) signed the Framework cooperation agreement.

The Agreement was signed by Vnesheconombank’s Chairman Mr. Vladimir Dmitriev and the CDC’s General Director Mr. Augustin de Romanet.

The Agreement foresees the intention of the parties to develop their cooperation, mutual exchange of practical experience and theoretical models of effecting investment, including long-term ones, in the following fields:
public infrastructures, with special focus on territorial development (long-distance transport, energy, industrial parks and clusters);
tourism infrastructures;
support for small and medium enterprises;
sustainable urban development, including public utilities, urban public transportation, social infrastructure and energy efficiency.

The Agreement is aimed at establishing partnership in order to enhance the development of trade and economic relations between the Russian Federation and France. The parties have emphasized their intent to use the Agreement as a basis to further bolster mutual economic cooperation of the two institutions.

Caisse des Depots et Consignations is the French public development institution created in 1816 and controlled by the French Parliament.

Caisse des Depots et Consignations is one of the founders of the Long Term Investors’ Club with its head office in Paris, created in 2008 in order to unite the activities of the largest financial institutions and organizations. Vnesheconombank joined the Long Term Investors’ Club in 2009 as its full member.