ArmInfo. The Ministry of Finance of the Republic of Armenia and the Eurasian Development Bank (EDB) are considering possibilities to expand the directions and prospects for cooperation both in the private sector and in the programs implemented under state support. This was announced during the meeting of the Minister of Finance Atom Janjughazyan with the director of the EDB representation in Armenia Armen Melkikyan.
According to the press service of the ministry, the parties also discussed the implementation of investment programs within the Eurasian Stabilization and Development Fund (ESDF). The Minister welcomed the Bank's efforts aimed at implementing investment programs in the private sector.
The Eurasian Development Bank (EDB) is an international financial organization 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 US dollars. 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.
