OREANDA-NEWS. Vnesheconombank’s delegation participated in the 36th Annual Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) held on May 22-23, 2013 in the city of Ulaanbaatar. The delegation was headed by Vnesheconombank Deputy Chairman, Board Member, Alexandr Ivanov.

In the course of the events in Ulaanbaatar talks were held with the Development Bank of the Philippine Executive Officer Jill Buenaventura, Development Bank of Mongolia Executive Officer Kin Jang Jim, and Vietnam Development Bank Director General Nguyen Quang Dung. They discussed issues of the current and potential bilateral cooperation in implementing joint projects in sustainable development, energy efficiency, infrastructure, as well as in financing projects of small and medium-sized enterprises, sharing experience and best business practices in main lines of activity.

At the ADFIAP Awards 2013 ceremony in Ulaanbaatar Vnesheconombank received the prize in the nomination “The Best Sustainable Development Report”.

Alexandr Ivanov had a working meeting with ADFIAP Secretary General Octavia Peralta. At the meeting they discussed Vnesheconombank’s role as a permanent member of the Association and the possibility of Vnesheconombank’s entering into the ADFIAP Board of Directors as well as issues of holding the next Annual Meeting.

The 37th regular Annual ADFIAP Meeting is to be held in spring of 2014 in Moscow. Vnesheconombank is to act as a host party and organizer.

The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) was established in 1976, and as of today it is one of the largest international associations of development institutions. It is comprised of 131 institutions from 45 countries. Vnesheconombank became a full member of ADFIAP on January 1, 2013.