The EDB to provide guarantee support to Bank BelVEB clients to the tune of US $40 million

10 April 2020

Almaty, 10 April 2020. The Eurasian Development Bank (EDB) set a revolving limit of US $40 million for Bank BelVEB to issue guarantees for the export and import transactions of its clients.

The project is expected to foster the development of banking in the EDB member states.

“This is an important project for the EDB with an absolutely clear integration component. It will promote mutual trade and advance interstate production chains. All the subprojects that will be guaranteed by the funds extended by the EDB are between our countries,” said Dmitry Ladikov-Roev, Member of the Management Board and Managing Director for Assets and Liabilities at the EDB.

Additional Information:

The 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. The 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 EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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