Belarus’ share in EDB investment portfolio up 175% to $988.9m
<p> MINSK, Dec 9 - PrimePress. Belarus’ share in the current investment portfolio of the Eurasian Development Bank (EDB) has increased by 175% from 9.2% in December 2018 to 25.3% in December 2020 to $988.9 million, the EDB’s press office reports. </p> <p> </p> <p> The EDB plans to enter into an agreement with RUE Minskenergo on a €100 million loan in December 2020. After that, the EDB investment portfolio in Belarus will reach over $1 billion, reads the statement. </p> <p> </p> <p> The bank is going to continue lending to Belarusian enterprises not only in the sectors of the economy that are traditional for the EDB (energy, engineering, metallurgy, mining, banking), but also cover new industries, primarily the IT-sector, the EDB says. </p> <p> </p> <p> The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB charter capital totals US $7 billion. The bank’s member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. End </p>
2020-12-10
Primepress
Belarus’ share in EDB investment portfolio up 175% to $988.9m
MINSK, Dec 9 - PrimePress. Belarus’ share in the current investment portfolio of the Eurasian Development Bank (EDB) has increased by 175% from 9.2% in December 2018 to 25.3% in December 2020 to $988.9 million, the EDB’s press office reports.
The EDB plans to enter into an agreement with RUE Minskenergo on a €100 million loan in December 2020. After that, the EDB investment portfolio in Belarus will reach over $1 billion, reads the statement.
The bank is going to continue lending to Belarusian enterprises not only in the sectors of the economy that are traditional for the EDB (energy, engineering, metallurgy, mining, banking), but also cover new industries, primarily the IT-sector, the EDB says.
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB charter capital totals US $7 billion. The bank’s member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. End