The financial organizations intend to press forward already this year.
The EurAsEC Anti-Crisis Fund (ACF) and the Eurasian Development Bank (EDB) are starting to finance major projects in Kyrgyzstan. This year, the ACF will develop projects supporting the Bishkek-Osh road upgrading, the procurement of agricultural machinery, and the construction of modern fruit-and-vegetable warehouses, while the EDB will work on projects to finance the power plant company Electricheskie Stantsii OJSC and the state-owned railway company Kyrgyz Temir Zholu. Sergey Shatalov, Deputy Chairman of the EDB Management Board responsible for the Bank’s management of the EurAsEC Anti-crisis Fund, told the VB about the activities of the financial institutions in the republic
Almaty, 21 January 2013. Eurasian Development Bank (EDB) signed today an agreement to provide Tsesnabank with a five-year renewable loan facility of US $4 million for the purposes of trade finance. The loan will be used to finance foreign trade transactions of the bank’s clients in the EDB member states. Financing may be provided in the roubles, euro, US dollars or the currencies of the CIS countries
Saint Petersburg, 21 January 2013. The growth in average grain production in the past period places Kazakhstan, Russia and Ukraine among the leaders of the global grain market. For this reason a coordinated development policy is needed to demonstrate the maturity of the regional grain sector and become a driver for its further growth. This conclusion is made in the report CES+ Grain Policy prepared by Eurasian Development Bank’s (EDB) Centre for Integration Studies with the participation of the Grain Processing and Bread Making Union of Kazakhstan, the Institute for Economics and Forecasting of the Ukrainian National Academy of Sciences, and the Russian Grain Union
A stimulator for the grain market development of Ukraine, Russia and Kazakhstan, who are among the world leaders, may be the coordinated policy of the sector development
Countries of the Single Economic Space may become guarantors of the world food security in the future. The opinion of Mr Arkady Zlochevsky, President of the Russian Grain Union, has been laid down by the report SES+ Grain Policy of the Integration Research Center of the Eurasian Development Bank, the Bank’s press service told BelTA
The Bank withdraws from the Bank of Khanty-Mansiysk.
Almaty, 18 January 2013. Eurasian Development Bank (EDB) received payment for its 3.3% stake in the Bank of Khanty-Mansiysk (BKM). The transaction was closed in December
Almaty, 17 January
2013. Standard & Poor’s affirmed Eurasian Development Bank’s (EDB)
long-term and short-term ratings
Saint Petersburg, 15 January 2013. The modernisation challenges faced by the economies of Belarus, Kazakhstan and Russia require that a uniform trade policy be formulated in the Common Economic Space (CES). This is the conclusion made by the authors of the report Unified Trade Policy and Addressing the Modernisation Challenges of the CES prepared by the EDB Centre for Integration Studies with the participation of leading Russian, Kazakh and Belarusian experts