Eurasian Development Bank to attract $ 50 million for participating countries’ programs
Azerbaijan, Baku, Nov. 23 / Trend E. Kosolapova /
The Bank of Tokyo-Mitsubishi UFJ will provide $ 50 million loan to the Eurasian Development Bank (EDB), EDB reported on Wednesday.
"These funds will be spent on the project on trade financing and EDB support for small and medium business in the participating countries," the report said.
Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in 2006 to promote market economies of the participants, their sustainable economic growth and expansion of mutual trade and economic relations. Its charter capital is more than $1.5 billion.
The member states are Russia, Kazakhstan, Belarus, Tajikistan, Armenia and Kyrgyzstan