ArmInfo. On December 22, Armenian Prime Minister Karen Karapetyan received Chairman of the Board of the Eurasian Development Bank Andrei Belyaninov.
According to the press service of Armenian Government, congratulating Andrei Belyaninov on his appointment as chairman of the EDB, Karen Karapetyan assessed Armenia's cooperation with the bank as an effective, joint program in Armenia.
During the meeting, the interlocutors exchanged views on the possibility of expanding in new areas. In particular, infrastructure projects were discussed, including in the format of public-private partnerships, as well as opportunities for developing partnerships within the free trade zone "Meghri".
The total portfolio of loans to Armenia from the Eurasian Development Bank is currently $ 490 million. In addition to the $ 300 million allocated to support budget reforms, the EDB provided Armenia $ 150 million in the framework of the North-South motorway construction program, as well as $ 40 million for the irrigation system modernization program. EDB also signed an agreement of intent with JSC "Electric Networks of Armenia" on the opening of a $ 100 million credit line.
The Eurasian Development Bank (EDB) is an international financial institution established by Russia and Kazakhstan in January 2006 to promote the development of the market economy of the participating countries, their sustainable economic growth and the expansion of mutual trade and economic ties. The authorized capital of the EDB is $ 7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.