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05 October 2022, 17:44

Belarus ready to offer projects for Eurasian Development Bank to finance

MINSK, 5 October (BelTA) – Belarus is ready to offer curated projects to the Eurasian Development Bank so that the bank could finance them. Prime Minister of Belarus Roman Golovchenko made the statement as he met with EDB Chairman of the Board Nikolai Podguzov, BelTA has learned.

Roman Golovchenko said: “We have fulfilled previous agreements. We are now talking about increasing the volume of the bank's investments into the economy. We are ready to offer hand-picked projects for the bank to finance. I am sure they will be of interest.”

According to Nikolai Podguzov, the country strategy provides for investing $1.5 billion into the Belarusian economy by 2026. “We follow this strategy and are intent on fulfilling it in full. Our Belarusian shareholder will get the closest attention,” he stated.

The Eurasian Development Bank (EDB) is an international financial organization engaged in investment activities in the Eurasian space. For 15 years already the EDB has been contributing to the strengthening and expansion of economic ties and to the comprehensive development of its member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The EDB has a charter capital of $7 billion. Projects with an integration effect in such spheres as transport infrastructure, digital systems, green energy, agriculture, manufacturing sector, and mechanical engineering make up the bulk of the projects in the EDB's portfolio. The bank's operation is guided by the UN Sustainable Development Goals and ESG principles.

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