YEREVAN, March 26. /ARKA/. The Eurasian Development Bank’s current investment portfolio will be built up to no less than $4.7 billion by late 2017, the bank says in the presentation of key directions of its activity.
The bank will ensure this increase by signing new projects of the total cost of at least $3.7 billion.
According to the report, in 2014 the Eurasian Development Bank’s current investment portfolio was filled with 17 projects totaling $371 million and other 80 investment projects are being implemented in six member countries now.
Guided by its 2013-2017 strategy, the Eurasian Development Bank pays special attention to energy, transport and municipal infrastructure projects in member countries.
For example, the bank’s anti-crisis fund decided in 2014 to extend a $150-million investment loan for construction of North-South transport corridor.
Now the Eurasian Development Bank is considering projects that total over $10 billion. The total financing by the bank is estimated at $2 billion.
Eurasian Development Bank (EDB) is an international financial organization established by Russia and Kazakhstan in 2006 to help develop market economies and boost mutual trade ties in member states.
The bank’s authorized stock is 7 billion US dollars, including paid capital of $1.5 billion and demand capital of $5.5 billion. Its member-states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan–0–
