The Russian government and the World Bank until July 1 this year, will conclude an agreement on a loan amount $ 200 million. These funds will be spent on the program "Support for local initiatives of the North Caucasus federal district." This was told the head of the Ministry of Regions Viktor Basargin, made a presentation at the Board Office. According to him, the ministry already has a list of 21 investment projects, which planned for SKFO by the Investment Fund. "Now this program (funding of investment projects in North Caucasus Federal District) is preparing it for local initiatives, it is almost a miniproekty on local governments and small businesses," - said Basargin. Potential participants are asked to draft 100000000000 rubles. But at the moment, we consider only top-priority projects that require funding in the amount of 7 billion rubles. President Dmitry Medvedev announced the creation of the North Caucasus federal district on January 19. The new district is allocated from the South, it will be composed of Dagestan, Ingushetia, Kabardino- Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya and Stavropol Territory. SKFO presidential envoy in the rank of deputy prime minister appointed Khloponin. One of the priorities Khloponin was named region's economic development and attract investment.
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