Background

IBEC, IFTD and RosGeo – cooperation perspectives

Denis Ivanov, Chairman of the Board of the International Bank for Economic Co-operation, held a working meeting with Director General – Chairman of the Board of JSC «Rosgeologia» Sergey Gorkov. The negotiations were also attended by the heads of the structural divisions of the two organizations and representatives of the International Fund for Technological Development (ITFD), headed by the head of the ITFD Project Group at IBEC Vadim Kulikov.

Denis Ivanov introduced the key areas of the Bank's activities and its capabilities in the regions of Rosgeologia presence, primarily in Mongolia and Vietnam. As a part of the IBEC presentation, Bank’s settlement functions, which are unique for a development institution, were presented. As the Chairman of the IBEС Board noted, “we will be glad to assist in promoting the business of Rosgeologia in the member countries of the Bank”.

Following the meeting, the parties have reached an agreement to work out in more detail IBEC support and promotion mechanisms for services and activities of RosGeo in the international markets, including IBEC member states and the CIS. In the course of negotiations, the parties also discussed potential joint projects in Mongolia and Uzbekistan.

“Colleagues from RosGeo have presented a number of perspective and important technology transfer projects for the industry, which could potentially be implemented jointly with the ITFD”, – noted Vadim Kulikov. The parties agreed to continue substantive consultations.

 

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