EDB member states’ aggregate GDP expected to grow 3.3% in 2021
<p> MINSK, Mar 31 - PrimePress. The Eurasian Development Bank projects the aggregated GDP growth rate of its member countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan) at 3.3% in 2021, after a 3% decline in 2020. Ruslan Dalenov, Chairman of the EDB Management Board, released these figures while presenting the EDB Macroeconomic Review on Mar 31. </p> <p> </p> <p> “The EDB member economies have adapted to operate in a pandemic environment… In 2021 the Bank’s member economies are expected to recover strongly. The aggregated GDP growth rate of the EDB member countries is projected at 3.3%. The EDB member economies will grow even if the risky scenario takes place,” Prime reports citing Dalenov as saying. </p> <p> </p> <p> In his words, investments are a key factor for increasing potential economic growth in the EDB region of operations in the medium term. “Overall, the accumulated investment portfolio of the EDB amounts to about $10 billion. This includes $3.8 billion in Kazakhstan, $3.8 billion in Russia, and $2 billion in Belarus. The EDB will continue to actively support the investment initiatives of its member countries by financing integration projects,” Dalenov said. End </p> <p> </p>
2021-04-01
Primepress
EDB member states’ aggregate GDP expected to grow 3.3% in 2021
MINSK, Mar 31 - PrimePress. The Eurasian Development Bank projects the aggregated GDP growth rate of its member countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan) at 3.3% in 2021, after a 3% decline in 2020. Ruslan Dalenov, Chairman of the EDB Management Board, released these figures while presenting the EDB Macroeconomic Review on Mar 31.
“The EDB member economies have adapted to operate in a pandemic environment… In 2021 the Bank’s member economies are expected to recover strongly. The aggregated GDP growth rate of the EDB member countries is projected at 3.3%. The EDB member economies will grow even if the risky scenario takes place,” Prime reports citing Dalenov as saying.
In his words, investments are a key factor for increasing potential economic growth in the EDB region of operations in the medium term. “Overall, the accumulated investment portfolio of the EDB amounts to about $10 billion. This includes $3.8 billion in Kazakhstan, $3.8 billion in Russia, and $2 billion in Belarus. The EDB will continue to actively support the investment initiatives of its member countries by financing integration projects,” Dalenov said. End