EDB plans to implement up to 5 projects in Uzbekistan
Baku, Azerbaijan, August 3
By Fakhri Vakilov- Trend:
Eurasian Development Bank (EDB) is currently considering about 70 projects, of which from three to five projects are planned to be implemented in Uzbekistan, Trend reports citing TASS.ru.
"We have about 70 projects under review at various stages. The total amount is at least $2 billion," Deputy Chairman of the Bank Amangeldy Isenov said.
The major part of the projects, according to Isenov, falls on Russia and Kazakhstan, which are the founders of EDB.
Isenov did not rule out the possibility of financing projects in countries that are not participants of EDB, in particular, in Uzbekistan. “We are talking about three to five projects related to Russian investments in Uzbekistan,” he said, recalling that Uzbekistan’s membership in the EDB is currently being discussed.
He added that EDB may enter the capital of Russian banks, if this does not contradict the mission of the bank.
The Eurasian Development Bank is an international financial organization established by Russia and Kazakhstan in January 2006 to promote the development of the market economies of the member states, their economic growth and the expansion of mutual trade and economic ties. The states parties to the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
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