A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Svetlana Yachevskaya

Svetlana Yachevskaya

Deputy Chairman, Member of the Board, VEB.RF
Quotes
02.09.2021
EEF 2021
Impact Investing: Does the State Trust Commercial Partners to Achieve Social Goals?
There are name collisions all over the world, which is why we called it differently when preparing this instrument for Russian jurisdiction. Because at first we encountered the fact that the market did not understand us, and even more so the authorities did not understand us when we started talking about bonds
02.09.2021
EEF 2021
Impact Investing: Does the State Trust Commercial Partners to Achieve Social Goals?
Thanks to VEB, SIBs exist on the Russian market. These are projects where the state purchases a ready-made effect precisely when the state, for some reason, has not achieved this effect on its own. Of the five SIB that have been concluded today, four have ended up in the Far East region
04.06.2021
SPIEF 2021
Multilateral Development Banks in the Post-COVID Era: Old Challenges and New Opportunities
Development of infrastructure is a key driver that helps the economy to overcome the crisis and start growing. <…> We have come up with a system for quality assessment of infrastructure projects that we have launched based on the G20 agenda where the principles of high-quality infrastructure have been established. <…> We would like our assessment methodology [IRIIS, Ed.] to be actively used, including by international development banks. Not only for Russian projects, but also for their promotion in bank policies,
04.06.2021
SPIEF 2021
Multilateral Development Banks in the Post-COVID Era: Old Challenges and New Opportunities
The Russian Federation did not receive active support as part of MDB programmes <…> there was either minimal or no participation at all. It is a shame, because we are a large and a key shareholder in multilateral development banks, and we would like Russia to enjoy this value as well,
04.06.2021
SPIEF 2021
Multilateral Development Banks in the Post-COVID Era: Old Challenges and New Opportunities
VEB <…> has offered <…> the Government a shoulder to support the economy. And it has accumulated all available tools. We were quite successful in terms of our measures: it was support for systemic enterprises, it was support for small and medium-sized businesses. And these programmes really worked,
04.06.2021
SPIEF 2021
Quality Infrastructure Projects: How Are Investor Attitudes Changing?
Now the market doesn’t have so much of a problem with liquidity (and not only in the Russian Federation, this is a global trend), but rather a problem with the quality and quantity of projects [investments in infrastructure]. In order for everyone in the world to understand quality as the same thing, the G20 approved the principles of quality infrastructure in 2019. Countries are now incorporating these principles into national systems. For its part, VEB.RF has begun developing the same certification and quality assessment system. During the year of the pandemic, we didn’t waste any time and developed such a methodology based on the best world practices [...] The methodology has already been launched, and we have been testing it for the last eight months. A number of projects have already passed this assessment
06.06.2019
SPIEF 2019
Global Competitive Position and Export Potential for Russian Education
The right combination of [actions] by business and by state will help not only implement the national ‘Education’ project in a proper and efficient manner, but also create a new educational reality. <…> We have suggested a financial model for increasing the number of foreign students that could study in Russia that uses public-private partnership. <…> It is important to us to make this project interesting for investors
06.06.2019
SPIEF 2019
Global Competitive Position and Export Potential for Russian Education
Physical presence of a student is crucial. Distance learning will not substitute it in the near future
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
The key element of SIB is that we transfer the risk of project implementation from the state to the business: we use private investments rather than budget funds, and we focus on the result that we are achieving. If the goal is achieved, the state compensates expenses and remunerations to investors
15.02.2019
Russian Investment Forum 2019
Education: A Tool for Attracting Investment to the Regions
We have offered the market a new financial instrument, the so-called sib. It stands for social impact bonds. In Russian terminology, social impact projects. The government does not spend money at the beginning, but attracts an investor and a private provider, who is better than the government at providing a particular service. The investor spends their own money, but agrees with the government at the very beginning what social impacts the government wants, how much the government is spending today and how much it is prepared to spend to achieve those impacts. If the impacts are not achieved in the agreed time, the government buys it
15.02.2019
Russian Investment Forum 2019
Education: A Tool for Attracting Investment to the Regions
It is clear today that every student is worth the same amount of budget money. But in the end, we get children with completely different levels of preparedness. The result has nothing to do with money
15.02.2019
Russian Investment Forum 2019
Education: A Tool for Attracting Investment to the Regions
We need to do everything simultaneously. We cannot just create an infrastructure and then think how exactly we are going to use it. We have to approach the issue systemically from the start
15.02.2019
Russian Investment Forum 2019
Education: A Tool for Attracting Investment to the Regions
The manifold increase is due to the volume being very small at the moment. But the potential is enormous.  Investment growth will depend mainly on the presence and participation of the government.  If the government takes the risk and reduces its participation in education, there will be significant growth