EDB ready to replace EBRD if latter withdraws from Belarus
<p> MINSK, Apr 23 - PrimePress. The Eurasian Development Bank (EDB) is ready to substitute the European Bank for Reconstruction and Development (EBRD) if the latter chooses to terminate its activities in Belarus, EDB Board Chairman Nikolai Podguzov said in a statement. </p> <p> </p> <p> As previously reported, in autumn 2020, the European Bank for Reconstruction and Development and the European Investment Bank decided to limit the program of cooperation with Belarus after the European Union failed to recognize the results of the next presidential elections in the country. In particular, the EBRD said it was not considering “new sovereign projects in the country”. </p> <p> </p> <p> “The EDB mission is not to maximize profits, but to promote business development, the development of the economies of the EEU countries, the development of integration issues. The EDB is already gradually replacing other development banks in the Eurasian space (the EBRD, for instance) and would like to play first fiddle here,” Podguzov said in an interview with the Russian newspaper Vedomosti. End </p> <p> </p>
2021-04-24
Primepress
EDB ready to replace EBRD if latter withdraws from Belarus
MINSK, Apr 23 - PrimePress. The Eurasian Development Bank (EDB) is ready to substitute the European Bank for Reconstruction and Development (EBRD) if the latter chooses to terminate its activities in Belarus, EDB Board Chairman Nikolai Podguzov said in a statement.
As previously reported, in autumn 2020, the European Bank for Reconstruction and Development and the European Investment Bank decided to limit the program of cooperation with Belarus after the European Union failed to recognize the results of the next presidential elections in the country. In particular, the EBRD said it was not considering “new sovereign projects in the country”.
“The EDB mission is not to maximize profits, but to promote business development, the development of the economies of the EEU countries, the development of integration issues. The EDB is already gradually replacing other development banks in the Eurasian space (the EBRD, for instance) and would like to play first fiddle here,” Podguzov said in an interview with the Russian newspaper Vedomosti. End