The memorandum of VEB and the Investment Bank of the Sahel countries will allow the establishment of financial mechanisms for projects in Africa.

The memorandum of VEB and the Investment Bank of the Sahel countries will allow the establishment of financial mechanisms for projects in Africa.

The memorandum signed between VEB RF and the Bank for Investment and Development of the Confederation of Sahel States (BCID-AES) will allow the establishment of financing mechanisms for the implementation of projects in Africa, Russian Deputy Prime Minister Alexander Novak told reporters on the sidelines of the Russia-Africa summit. "We have a very large list of projects that can be implemented in the Republic of Burkina Faso, Mali and Niger.