Reference
The document was drafted by the Ministry of Economic Development.
The European Bank for Reconstruction and Development, hereinafter referred to as the EBRD, was established in April 1991. Its official ownership capital is estimated at 30 billion euros. Russia is the seventh largest EBRD shareholder and the largest country of EBRD operations.
The EBRD sets up and supports various EBRD funded projects in its countries of operations.
The Ministry of Economic Development, the Ministry of Finance and the EBRD have drafted the Russian Federation – EBRD Technical Assistance Programme for attracting investment to Russia’s municipal and private sectors. The programme, aims to prepare projects for future funding, including by the EBRD.
It has been proposed that a 40 million euro account, financed by the Russian Federation, should be set up for a period of five years in order to fund the Programme.
The signing of the Agreement will help increase the number of projects drafted according to international standards and will improve the quality of projects proposed for funding.
This draft bill was examined and approved in the April 25, 2013 Government meeting.