EDB and the ADB to invest US $3 billion in projects in Armenia, Kazakhstan, Kyrgyzstan and Tajikistan
Eurasian Development Bank's (EDB) delegation headed by Chairman of the Management Board Dmitry Pankin paid an official visit to the Asian Development Bank (ADB).
Dmitry Pankin and Takehiko Nakao, President of the ADB, discussed a wide range of issues relating to cooperation between the two development institutions in project activities. The sides agreed to share experience and expertise.
They signed a framework co-financing agreement, setting forth the main areas and mechanisms of cooperation in the EDB and ADB member states. The document states that the banks will invest in projects in Armenia, Kazakhstan, Kyrgyzstan, and Tajikistan. EDB will provide US $1 billion and the ADB US $2 billion until 2021.More
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