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D. Medvedev: The Far East Development Fund failed to cope with its task
At the insistence of Dmitry Medvedev today at a meeting of the government commission on the socio-economic development of the Far East discussed the work of the Development Fund of the Far East and the Baikal region. It aims to attract investment and accelerate the development of these territories.
“We have repeatedly discussed this topic, while, I must admit, the fund is not coping with this task. We will not liquidate it, because we need such a tool. There are subjective reasons, and you need to understand them. But the main thing is that the decision-making mechanism that exists even with respect to the relatively small amount of money put into the fund does not work.
“Therefore, I am waiting for proposals within a month from the government and VEB. If there are no such proposals, I will make a decision myself. However, in this case, I will have to remove everyone who has been involved in this until now from this area of work. The fund must start working, "Dmitry Medvedev summed up at a meeting of the government commission on the socio-economic development of the Far East.
He stressed that the fund should earn, while he does not cope with his task, but he will not be eliminated.
Medvedev noted that he is ready to listen to various options for activating the fund's work: specialized bodies, with the assignment of this property to VEB, but at the same time, so that all operational issues are resolved by this management body without any consultations, "Medvedev said.