Reform of development institutions will not limit their ability to raise funds in capital markets - VEB's senior banker Vyshkovsky

Reform of development institutions will not limit their ability to raise funds in capital markets - VEB's senior banker Vyshkovsky The senior banker of VEB Konstantin Vyshkovsky believes that the reform of development institutions, which involves the transfer of some organizations under the management of VEB, will not limit their ability to raise funds in the debt capital markets.

"The roadmaps for reforming development institutions are currently being formed in the government. This work, in which VEB participates, takes into account the interests of all interested parties, including our investment partners, bondholders and creditor banks", - said Vyshkovsky, quoted by the press service of the state corporation.

Decisions on legal integration or a partnership model of business management will be made individually, taking into account the specifics and tasks of specific development institutions, he noted..

"Some of the development institutions under discussion are successfully implementing their own borrowing programs, and according to our estimates, systemic changes within the framework of the reform will not only not narrow, but will also expand the possibilities of VEB and partners to participate in the debt capital markets", - Vyshkovsky said.

As Prime Minister Mikhail Mishustin said earlier, within the framework of the reform, a large investment block will be formed on the basis of VEB, with the transfer of SME Corporation, REC, EXIAR under its management., "Rusnano", fund "Skolkovo", The Fund for Assistance to the Development of Small Forms of Enterprises in the Scientific and Technical Sphere, the Fund for Infrastructure and Educational Programs and the Industrial Development Fund. In addition, STLC and "VEB-leasing" will be transformed into a single leasing company. A universal bank will also be created on the basis of SME bank and bank DOM.RF.