Main
News and Events
News
EDB Council determines the areas to develop the Bank's operations in the future

EDB Council determines the areas to develop the Bank's operations in the future

02 September 2015

Astana, 28 August 2015. The Council of Eurasian Development Bank (EDB) conducted its regular meeting, which was attended by Gagik Khachatryan, Minister of Finance, from Armenia; Vladimir Amarin, Minister of Finance, from Belarus; Karim Massimov, Prime Minister, and Bakhyt Sultanov, Minister of Finance, from Kazakhstan; Adylbek Kasymaliyev, Minister of Finance, from the Kyrgyz Republic; and Anton Siluanov, Minister of Finance, and Igor Finogenov, Advisor to the President of the Chamber of Commerce and Industry, from Russia.

The Council decided to focus the Bank’s operations on promising projects, which will help to attain the objectives of EDB as an international development bank, which fosters integration and industrial cooperation in the region.

During the discussion, the focus was made on the improvement of the Bank’s performance and its project activities. The members of the Council stated that the Bank’s priority should be investment projects, which could deepen integration in the region.

The Council instructed the Management Board to have consultations on the expansion of the Bank’s membership and the strengthening of its cooperation with other international financial institutions.

Additional Information

Eurasian Development Bank 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. 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.