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VEB reaches the final stage of formalizing its new strategy

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VEB reaches the final stage of formalizing its new strategy

VEB has reached the final stage of finalizing its new strategy

VEB.Russia CEO Igor Shuvalov said the state corporation's new strategy within the framework of the development institutions reform is at the final stage of drawing up.

He made the statement in his speech at St. Petersburg International Economic Forum.

"We are at the final stage of drawing up our strategy," he said. We have literally a few weeks left to adopt the strategy. We are considering this document almost at such a stage that it is ready for approval, but for us it was important to hear your reaction today," said the head of the corporation, noting that the comments of experts and partners will be taken into account in the final version of the strategy.

He recalled that in 2018, the corporation received a new model enshrined in law on the management of other development organizations. "At the same time, we decided that we will be able to form a new portfolio - up to three trillion rubles in 4 years. I must say that the goal of this business model will be achieved by the end of this year. So, the 2018 plans for four years will be fulfilled by the beginning of 2022," he said.

Shuvalov noted that in 2018, such plans seemed something comparable to a flight to the moon, as the organization's entire balance sheet was trillion rubles.

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Author: Ksenia Gustova

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