Sun, 19 October
20.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

EDB, ADB to finance projects of $3 billion total cost in Armenia, Kyrgyzstan, Kazakhstan and Tajikistan

YEREVAN, May 11. /ARKA/. The Eurasian Development Bank and the Asian Development Bank will finance a number of projects of $3 billion total cost in Armenia, Kyrgyzstan, Kazakhstan and Tajikistan, the Eurasian Development Bank reports on its website.

According to the report, the banks will target their joint financing for transport and energy infrastructures as well as agriculture.

Eurasian Development Bank was established by Russia and Kazakhstan in January 2006 to foster development of market economies of participant countries.

The bank’s member countries are Armenia ($100,000), Belarus ($15 million), Kazakhstan ($500 million), Kyrgyzstan ($100,000), Russia ($1 billion) and Tajikistan ($500,000).

The Eurasian Fund for Stabilization and Development was instituted on June 9, 2009 with $8.513 billion by the governments of these six countries. –0—-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img