The International Bank for Reconstruction and Development and Sverdlovsk Region signed a memorandum of understanding in the course of the 14th Russian Economic Forum in Yekaterinburg. The document was signed by Governor Eduard Rossel and Director Klaus Rohland, the IBRD’s permanent representative in Russia.

The memorandum gives the region an opportunity to employ the World Bank’s experience in the field of economic research to improve and develop the area as well as to perfect its fund-raising mechanisms, the spokesperson for the Governor reports.

Governor Eduard Rossel says the IBRD is going to make a great partner for Sverdlovsk Region, a partner with impressive international authority and a lot of experience in the field of finance management.