ArmInfo. Delegation of Eurasian Bank for Reconstruction and Development (EDB) headed by the Chairman of Management Board Dmitry Pankin paid a working visit to Asian Development Bank (ADB).
Pankin discussed with the ADB President Takehiko Nakao a range of issues related to the enlargement of cooperation between the two development banks in the field of project activities. The sides reached an agreement on exchanging experience.
According to the ADB website, the sides signed a $1 billion framework agreement with the Eurasian Development Bank (EDB) to expand their co-financing activities in Armenia, Kazakhstan, Kyrgyz Republic, and Tajikistan. Under the agreement, EDB will provide $1 billion in co-financing of ADB projects from 2016 to 2021.ADB will provide 2 bln USD for these projects.
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