The Head of EDB: The development of trans-border infrastructure is key to success of the Eurasian integration project
St. Petersburg, 18 June 2015. One of the main objectives of the Eurasian Economic Union (EAEU) is to develop trans-border infrastructure inside it and on its western, eastern and southern borders. This will make it possible for the EAEU to find its niche in the international division of labour. Dmitry Pankin, Chairman of the Management Board at Eurasian Development Bank (EDB), said this at the session The Eurasian Economic Union: A New Compass in Global Economic Relations at the Saint Petersburg International Economic Forum (SPIEF) today.
“In this context trans-border infrastructure projects have significant effects in terms of ensuring transit through the EAEU and the movement of goods, services and labour,” he emphasised. However, these require significant investment and “long” money. Dmitry Pankin believes that development banks are an effective instrument for this. “The EAEU should avail itself of the opportunities offered by these institutio...18 June, 2015