Co-operation with international financial institutions

The Ministry of Employment and the Economy is involved in projects implemented by international financial institutions. In Russia, it seeks to promote Finnish companies’ opportunities to take part in projects carried out by the International Finance Corporation (IFC), a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD) in particular, with the aim of increasing the use of Finnish expertise and technology in technical assistance projects important to Finnish companies.

The Ministry contributes to the financial institutions’ projects by funding expert services sourced from Finland, within the framework of technical assistance agreements concluded with the ERBD and the IFC. Topical projects in Russia can be found in the municipal sector, municipal engineering, energy saving and the related financing, as well as the development of forest-based industries’ investments.