ArmInfo. Eurasian Development Bank (EDB) approved in the second quarter of 2017 for Armenia one investment-project loan (IPL) for $ 20 million. One more loan for $ 4 million was approved for the country by the Black Sea Trade and Development Bank (BSTDB). This is stated in the "Review of investment activity of international development banks" published today. II quarter of 2017>, prepared by the Office of Strategic and Industry Analysis of the Eurasian Development Bank. In the share ratio, Armenia accounted for 2% of the total amount allocated by the international development banks for investment-project financing (IPF).
According to the report, the largest amount of IPF in the second quarter was approved for Kazakhstan - $ 759 million, then Ukraine - $ 163 million, Belarus - $ 73 million. Azerbaijan will be provided $ 9 million, Kyrgyzstan - $ 5 million. Moldova, Tajikistan, Turkmenistan and Uzbekistan in the II quarter have no approved projects IAP.
As for special sovereign loans, technical assistance and grants, in the second quarter, loans from the Asian Development Bank (ADB) for $ 1 million and EDB for $ 2 million were approved for Armenia. The largest amount of sovereign loans was approved for Uzbekistan - $ 732 million, Tajikistan - $ 346 million, Ukraine - $ 153 million, Kyrgyzstan - $ 44 million and Moldova - $ 25 million.
It is noted that in II Q, within the framework of sovereign loans, ADB decided to provide Armenia with technical assistance in the amount of $ 0.5 million from the special ADB technical assistance fund for the project "Financial Market Development and Effective Public Administration Program". Technical assistance in the preparation of the project is aimed at assisting the government in carrying out expert evaluation and evaluation of the project by international and national consultants.
In turn, EDB approved the provision of $ 20 million investment-project loan Ardshinbank JSC in the form of a revolving credit line for a period of three years. The funds are intended to finance the foreign trade operations of Ardshinbank's clients in EDB member states. 100% of the loan will be used to finance export- import transactions between the member states of the EDB. Funding can be provided in US dollars, euros, Russian rubles or other currencies of member states of the EDB. As sovereign loans, technical assistance and grants, the European Bank for Reconstruction and Development (EBRD) approved the allocation of $ 2.28 million to the Ministry of Finance of Armenia for the construction of a new solid waste landfill for the Kotayk and Gegharkunik regions from the Eastern European Partnership for Energy Efficiency and the Environment (E5P) . The funds will be provided in the form of a grant. They will contribute to the construction of a new landfill that uses modern solid waste management processes, which include municipal collection and removal of solid waste. The program itself was launched in December 2014, when the EBRD provided a loan of 3.5 million euros (equivalent to $ 4 million), which in turn was supplemented by a grant of 3.5 million euros from the investment tool of the EU partnership.
In the line of investment and project loans and investments in the capital, BSTDB approved the provision of $ 4.16 million to the National Mortgage Company of Armenia. The loan will be provided in national currency, secured by the placement of BSTDB bonds in the amount of AMD 2 billion. The funds raised from the placement of the bonds will be used to develop the mortgage market of Armenia, including refinancing of mortgage loans and relevant financial institutions based on the criteria agreed with the BSTDB.
In total, according to EDB analysts, international development banks (IDB) increased the volume of financing in the CIS countries in the II quarter. 2017 by 125% compared with I quarter of 2017 - up to 2.36 billion US dollars. In total, in the II quarter of 2017, MDB approved projects for financing in the CIS countries (Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan), of which 45% Compared with the first quarter of 2017) - private sector financing, 55% (1.6 times growth compared to Q1 2017) - sovereign financing (involving government agencies).
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