OREANDA-NEWS. October 20, 2011. As part of implementing the Agreement “On Cooperation in Training Personnel and Sharing Experience between Banks-Members of the SCO Interbank Consortium”, Vnesheconombank organized and held a training working shop for specialists of the Kazakhstan Development Bank (KDB) in a period from 10 to 13 October of 2011

Executives and specialists of Vnesheconombank’s key structural subdivisions presented information of the Bank’s top-priority lines of activity as well as the largest investment projects being implemented with VEB’s participation including those carried out on the conditions of public private partnership, they also told KDB representatives about principles and criteria of selecting investment projects at Vnesheconombank.

In the course of the workshop its participants discussed instruments for raising funds to implement investment projects as well as specifics of funding export projects and main mechanisms for monitoring and managing projects with due regard to changes emerging during their implementation.

In order to demonstrate the presented information in practical terms, KDB representatives were given an extended presentation on a facility funded by Vnesheconombank namely the Kolomenskoye Gas-Turbine Power Plant, which they also visited.

The SCO Interbank Consortium was established on October 26.2005. Its activity is designed to support regional economic cooperation. At the moment, it incorporates State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, the Kazakhstan Development Bank, the China State Development Bank OJSC RSK Bank, the Tajikistan National Savings Bank ‘Amonatbank ’and the Uzbekistan National Bank for Foreign Economic Affairs. The Kazakhstan Development Bank acts as the chairman bank in 2010-2011.