EDB and the Institute of Economics of the Russian Academy of Sciences sign a memorandum of cooperation
St. Petersburg, 22 May 2014. Eurasian Development Bank (EDB) and the Institute of Economics of the Russian Academy of Sciences signed a memorandum of cooperation. The document was signed by Igor Finogenov, Chairman of the Management Board at EDB, and Ruslan Grinberg, Director of the Institute of Economics.
The parties agreed to cooperate in the area of macroeconomic, regional and sector research, socioeconomic forecasting for the EurAsEC and CIS countries, and support to integration processes.
EDB and the Institute of Economics will undertake joint research projects to introduce high technologies, in particular in processing sectors, and further cooperation between complementary industries in the region.
EDB will assist the Institute of Economics in implementing interstate and regional research programmes and projects, which are aimed at fulfilling EDB’s objectives, especially in the area of investment activities and the advancement of integration processes.
“We have a very important and pressing task to devise a cardinally new approach to regional development in the post-Soviet space as a whole and the functioning of the Eurasian Economic Union in particular,” Ruslan Grinberg emphasised. “The RAS Institute of Economy has been studying centripetal and centrifugal trends in the economies, policies and culture of the new independent states for over twenty years. We appreciate that cooperation with Eurasian Development Bank helps us in this. It is great honour and responsibility for us to conduct fundamental and applied research for the Bank in the interests of the new independent states.”
“We deem cooperation with the Institute of Economics of the Russian Academy of Sciences as an additional source of qualitative and quantitative evaluation of the degree of integration between the EurAsEC countries and of socioeconomic forecasts for our region’s development, including sectoral development and the dynamics of mutual trade and investment,” stated Igor Finogenov. “The Institute conducts fundamental and applied research in the area of macro- and microeconomic analysis of the Russian economy, and the external factors influencing the development of Russia and neighbouring countries. This is where we count on cooperation with the Institute in the first place. Our cooperation will further the advancement of targeted financing for joint research projects, which are in line with the mission and strategic objectives of EDB.”
EDB and the Institute of Economics are cooperating fruitfully already. In 2013 the EDB Centre for Integration Studies prepared in cooperation with the Institute of Economics the research project titled Trans-Border Cooperation between the Regions of Russia, Belarus and Ukraine. In February 2013 the parties held a joint conference on economic integration in the framework of the Second Russian Economic Congress in Suzdal.
Additional Information
The Institute of Economics of the Russian Academy of Sciences was established in 1930 as a leading economic think-tank in the country. The main activities of the Institute are fundamental and applied socioeconomic research and training high-qualification research professionals. Read more at https://inecon.org/
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
Read more at https://eabr.org/.