Development bank
The Association regularly collaborates with VEB institutions for the creation of industrial parks, use of non-core assets and support for monotowns. The relevant agreements and work plans were approved by and between AIP, the Monotowns Development Fund and VEB Capital in 2016 and 2017. In February 2018, AIP and Vnesheconombank entered into the cooperation agreement determining areas of joint efforts, in particular, VEB’s membership with AIP in order to contribute to the creation and development of industrial parks. As part of its mandate (Memorandum of Investment Activity), the Bank considers the option of financing the industrial infrastructure in a number of industrial parks and special economic zones of production and port types.