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Medvedev to hold conference on support small and medium-sized businesses

February 03, 2014, 10:46 UTC+3 MOSCOW

The participants will discuss proposals on raising the accessibility of credit-lending instruments

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© ITAR-TASS/Yekaterina Shtukina

MOSCOW, February 03. /ITAR-TASS/. Russia's Prime Minister Dmitry Medvedev on Monday will hold a conference on measures of support to small and medium-sized businesses. Those present will discuss proposals on raising the accessibility of credit-lending instruments, including that resultant of the use of resources of the National Wellbeing Fund, an official in the Russian government press service reported. It is also planned to consider a matter concerning refinement of the mechanism for providing credit guarantees for small and medium businesses.

Participating in the conference will be as follows: First Deputy Prime Minister Igor Shuvalov, Finance Minister Anton Siluanov, Economic Development Minister Alexei Ulyukayev, Central Bank Chairperson Elvira Nabiullina, representatives of the banking sector, and members of the entrepreneurial community.

The government official recalled that a program is being currently implemented for assistance in the development of micro-financing organizations. The program enables small business operators, who may not avail themselves of the traditional bank products, to get access to borrowed resources.

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