IBEC has joined the «Project Finance Factory» program, which is being implemented by VEB.RF, which is the largest Russian development institute. The agreement, signed in Moscow, will expand cooperation between VEB.RF and IBEC on financial support for perspective projects in the Russian market.
«Project Finance Factory» aims to increase the availability of project financing for Russian companies, which are primarily working in priority innovative and high-tech industries. The program’s mechanisms make it possible to arrange syndications for financing projects, including using various state support measures: subsidies from the federal budget for reimbursement of loan costs, state guarantees of the Russian Federation for bond loans issued under the «Project Finance Factory». The program allows to reduce the interest rate risks on borrowings, which becomes especially relevant when implementing long-term projects in the current economic situation.