14:27 Dmitry Pankin: Enhancing transport infrastructure is of common interest to the One Belt, One Road initiative and the EAEU
14:00 EDB: The issue of surplus power generation can be solved by the expansion of exports, but trans-boundary power grids need to be developed jointly to this end
17:03 EDB and the Kyrgyz Republic sign a US $110 million credit agreement to be financed by the EFSD
EDB and the Kyrgyz Republic sign a US $110 million credit agreement to be financed by the EFSD
Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.
The Eurasian Fund for Stabilisation and Development (EFSD) amounting to US $8.513 billion was formed on 9 June 2009 by the governments of the six countries. The objectives of the EFSD are to assist its member countries in overcoming the consequences of the global financial crisis, ensure their economic and financial stability, and foster integration processes in the region. The EFSD member countries signed the Fund Management Agreement with EDB giving it the role of the EFSD Resources Manager.
Read more at: http://efsd.eabr.org/
EDB Media Centre:
+7 (727) 244 05 45, ext. 6147 (Almaty)
+7 (495) 645 04 45, ext. 2724 (Moscow)
13 March, 2017