Investors do not want risks and risks are involved if your government structure is not stable enough. Integration is a main story.
Major topic for development bank is to expect shift of activity from traditional infrastructure to health and education.
Russia needs investments, needs long-term financing and clearly a lot of projects have to be created. Our new strategy is how we see working together with multilateral institutions as a local development bank. We do not see ourselves as a competitor to commercial banks or multilateral institutions. We believe that we have to syndicate transactions in Russia.
We are talking with the government right now about setting up a project finance structure, which would set up and convert a short-term financing into long-term financing with a certain government support. We believe that multilateral institution can participate together with us in those investments.
There are a lot of private sources of capital – pension funds, insurance companies and sovereign funds. I see the role of Development finance institution in bringing all together – the financing needs of the developing countries and the large pockets of capital that are available. The biggest challenge from my perspective is the lack of financeable projects.
In partnership with Ulmart
In partnership with Egorov Puginsky Afanasiev & Partners
In partnership with P&G