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EDB to expand its presence in Belarus

Economy 12.12.2019 | 17:22
Andrei Belyaninov. An archive photo
Andrei Belyaninov. An archive photo

MINSK, 12 December (BelTA) – The Eurasian Development Bank (EDB) plans to expand its presence in Belarus, Chairman of the Board of the Eurasian Development Bank Andrei Belyaninov told a press conference in Moscow on 12 December.

The EDB is interested in financing infrastructure projects, including road construction, energy, and others. “Belarus is very favorable in this respect. We expect to increase our presence there,” said Andrei Belyaninov.

The EDB hopes to take part in the authorized capital of Belinvestbank. A new stage of cooperation has begun with BelAZ. Andrei Belyaninov recalled that the EDB and BelAZ signed a loan agreement of €50 million on the sidelines of the 14th international conference "Eurasian Economic Integration" in Moscow on 29 November. “We look forward to deepening cooperation with Belaruskali. We have a good project,” he added.

As for 1 December, the bank's investment portfolio exceeded $4.1 billion, up 18% from the start of the year.

The 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 Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.

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