ArmInfo. Deputy Chairman of the Board of the Eurasian Development Bank (EDB) Tigran Sargsyan during his speech at the opening of the seminar "Russia and Europe: New Challenges for Economic Cooperation and Overcoming the Pandemic" noted the importance and effectiveness of international digital solutions in the context of the global spread of the virus.
"The pandemic has shown how important and effective digital solutions can be for responding to crisis situations, and this efficiency will significantly increase with closer international cooperation around a common agenda," said EDB Deputy Chairman of the Management Board at an event organized by the Russian Chamber of Commerce and Industry. Banca Intesa, the EDB press service reports.
As part of his speech, Tigran Sargsyan also noted the importance of joint actions by governments, business representatives and supranational institutions in overcoming the consequences of the pandemic. He emphasized the particular importance of cooperation at the supranational level to ensure coordinated actions on the part of integration associations to take measures to support the recovery of economic activity and stability. Tigran Sargsyan spoke about the measures that the EDB is taking to support economic activity and the work of the Bank's Fund for Digital Initiatives to develop digital solutions aimed at overcoming the problems caused by the pandemic and restrictions. REC General Director Veronika Nikishina, Russian CCI President Sergei Katyrin, Italian Ambassador Extraordinary and Plenipotentiary to Russia Pasquale Terracciano, RSPP President Alexander Shokhin and others also spoke at the seminar. The Eurasian Development Bank (EDB) is an international financial organization that promotes the integration and development of the participating countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. The authorized capital of the EDB is USD 7 billion. The bank was established in January 2006 by Russia and Kazakhstan, with headquarters in Almaty. The main share in the EDB portfolio is occupied by projects with an integration effect in the areas of transport infrastructure, energy, chemical and mining industries, and mechanical engineering.
