EURASIAN DEVELOPMENT BANK
Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states and promote integration in Eurasia. As of now, the member states of the Bank are also Armenia, Belarus, Kyrgyzstan and Tajikistan. EDB’s charter capital exceeds US $1.5 billion.
The Bank invests in major medium- and long-term projects. The minimum cost of the projects that are considered is around US $30 million, with a maximum repayment period of 15 years. EDB’s current investment portfolio is US $3.8 billion.
The key areas of EDB’s activity are:
- financing projects which aim to develop power generation, transport, and municipal infrastructure in its member states; and
- promoting energy efficiency by financing projects which optimise the consumption of energy and other resources by businesses.
Read more at www.eabr.org
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