ArmInfo. On November 22, Deputy Minister of Economy of Armenia Varos Simonyan received Dmitry Ladikov-Roev, member of the Board of Directors, Managing Director for Assets and Liabilities of the Eurasian Development Bank and Armen Melkikyan, head of the Bank's Yerevan office.
According to the press service of the Ministry of Economy, Dmitry Ladikov-Royev, having briefly described the activities of the Bank, stressed that the investment activities of the EDB and the number of programs financed by the Bank are increasing from year to year. According to him, the Bank intends to expand its activities with the EAEU member states, in particular with Armenia, by establishing more active cooperation and increasing its role in financial processes.
He also presented EDB proposals, one of which concerns the use of the national currency in mutual settlements within the EAEU.
Varos Simonyan, in turn, welcomed the initiative of the Bank, noting the desire of the Ministry to establish more active cooperation with the EDB, especially in terms of financing investment projects. The deputy minister assured that the proposals of the EDB will be discussed and initiatives of mutual interest will receive assistance from the ministry.
The deputy minister of economy said that in the spring of 2020, Armenia was preparing to hold a major investment forum. The participation of reputable investors and banks is expected. Simonyan invited EDB representatives to also take part in the event.
The Eurasian Development Bank (EDB) is an international financial organization designed to promote the economic growth of member states, expand trade and economic ties between them and develop integration processes in the Eurasian space through investment activities.
The Bank was established on the basis of an interstate agreement signed on January 12, 2006 by authorized representatives of the Russian Federation and the Republic of Kazakhstan. The initiative to create the Bank belongs to the presidents of Russia and Kazakhstan. In 2009, the Republic of Armenia and the Republic of Tajikistan, in 2010 - the Republic of Belarus, and in 2011 - the Kyrgyz Republic became full members of the Bank.