Almaty, 18 June 2012. Eurasian Development Bank (EDB) signed on Friday in Moscow an agreement on the provision of a two-year revolving loan facility to Rosevrobank for a total of US $7 million. The funds will be used to finance foreign trade transactions of the clients of this Russian bank in the EDB member states. Financing may be provided in the roubles, euro, US dollars, or in the currencies of the CIS countries
Almaty, 18 June 2012. Eurasian Development Bank (EDB) disbursed on Friday the third tranche of the financial credit from the resources of EurAsEC Anti-Crisis Fund (ACF) in the amount of US$ 440 million to the Republic of Belarus
Moscow, 8 June 2012. The Council of the EurAsEC Anti-Crisis Fund (ACF) approved the disbursement of the third tranche of the financial credit to Belarus in the amount of US $440 million. This decision was made today at the session of the ACF Council in Moscow based on the Evaluation of the Report of the Belarusian Ministry of Finance on the conditions of the third tranche/The Evaluation was prepared by Eurasian Development Bank (EDB) as the ACF Resources Manager
Almaty, 5 June 2012. The eastern vector of integration is becoming a promising area for deepening economic cooperation in Eurasia. Igor Finogenov, Chairman of the EDB Management Board, said this today at the 8th session of the Council of the Interbank Association of the Shanghai Cooperation Organisation (SCO Interbank Association)
Almaty, 30 May 2012. The role of international and national development banks in the creation and modernisation of transport infrastructure is growing. Gennady Zhuzhlev, Deputy Chairman of Eurasian Development Bank’s (EDB) Managing Board, said this today at Adam Smith Conferences’ 8th Annual Forum Transport Infrastructure in Russia in St. Petersburg
Established in 2006 by the governments of Russia and Kazakhstan, the EDB is a development bank designed to finance big cross-border projects that integrate the economies of the member states more closely. And other countries from the region are queueing up to join: first Belarus and more recently Kyrgyzstan. «The investment portfolio is up to $3.6bn that we have invested into 49 projects. And we are continuing to move forward,» says EDB chairman Igor Finogenov in an exclusive interview with bne.
Almaty, 28 May 2012. The regular session of Eurasian Development Bank’s (EDB) Council in Astana approved an increase in the Bank’s financing of the public-private partnership project to construct and operate the Western High-Speed Diameter road to RUR 10 billion
Almaty, 24 May 2012. Integration is not a computer algorithm that automatically results in success. Integration agreements open wide opportunities but they need to be implemented. Igor Finogenov, Chairman of the Eurasian Development Bank’s (EDB) Executive Board, said this today at the session Opportunities and Challenges of Economic Integration of the 5th Astana Economic Forum
Astana, 23 May 2012. A regular session of Eurasian Development Bank’s (EDB) Council was held yesterday in Astana. The meeting was attended by Vache Gabrielyan, Minister of Finance, from Armenia; Nikolai Snopkov, Minister of Economy, from Belarus; Bolat Zhamishev, Minister of Finance, from Kazakhstan; Akylbek Zhaparov, Minister of Finance, from Kyrgyzstan; Sergey Storchak, Deputy Minister of Finance, from Russia (Chairman of the Council); and Shukhratjon Rakhmatboyev, First Deputy Chairman of the State Committee for Investments and State Property Management, from Tajikistan