PSB and FEDC agreed on cooperation for the socio-economic development of the Far East and the Arctic

PSB and the Far East and Arctic Development Corporation (FEDC) signed a cooperation agreement during the Eastern Economic Forum aimed at the socio-economic development of the Far Eastern region and the territories of the Arctic zone. The agreement was signed by PSB Deputy Chairman Dmitry Makeev and FEACDC General Director Nikolay Zapryagaev in the presence of the Russian Minister for the Development of the Far East and Arctic Alexey Chekunkov. "In the current economic conditions, financial support measures remain among the most popular for investors. Cooperation between the bank and the Far East Development Bank will be aimed at developing the banking infrastructure and disseminating modern financial technologies in the Far East. This means that another instrument for facilitating the implementation of investment projects will be created," said Deputy Prime Minister of the Russian Federation - Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District, Chairman of the Organizing Committee of the Eastern Economic Forum Yuri Trutnev. The parties agreed on further development of banking infrastructure and implementation of modern financial technologies in the regions. The bank and the Corporation will also expand the business lending system, implement infrastructure projects, including using public-private partnership mechanisms, and support federal programs to provide Russians with housing.