EEC, EDB to develop new mechanisms to finance industrial cooperation in EEU countries
<p> MINSK, Sep 15 - PrimePress. A special working group of the Eurasian Economic Commission (EEC) and the Eurasian Development Bank (EDB) will develop new mechanisms for financing industrial cooperation in member states of the Eurasian Economic Union (EEU). This decision was taken by the EEC Council at its meeting on 14 September 2021, the EEC press service reported. </p> <p> </p> <p> Relevant bodies of the EEU countries, as well as the Eurasian Fund for Stabilization and Development (EFSD), the Astana International Financial Centre and the EEU business community will contribute their proposals regarding new funding mechanisms for industrial cooperation. </p> <p> </p> <p> The EDB Council approved the bank’s new strategy for 2022-2026, which contains some new approaches and tools to support cooperative projects. To develop them, the bank plans to more actively use instruments of grant funding and capital investment, as well as to reduce the cost of borrowed resources, use the mechanisms of “mixed” financing and actively work with trust funds and on public-private partnership models. End </p> <p> </p>
2021-09-16
Primepress
EEC, EDB to develop new mechanisms to finance industrial cooperation in EEU countries
MINSK, Sep 15 - PrimePress. A special working group of the Eurasian Economic Commission (EEC) and the Eurasian Development Bank (EDB) will develop new mechanisms for financing industrial cooperation in member states of the Eurasian Economic Union (EEU). This decision was taken by the EEC Council at its meeting on 14 September 2021, the EEC press service reported.
Relevant bodies of the EEU countries, as well as the Eurasian Fund for Stabilization and Development (EFSD), the Astana International Financial Centre and the EEU business community will contribute their proposals regarding new funding mechanisms for industrial cooperation.
The EDB Council approved the bank’s new strategy for 2022-2026, which contains some new approaches and tools to support cooperative projects. To develop them, the bank plans to more actively use instruments of grant funding and capital investment, as well as to reduce the cost of borrowed resources, use the mechanisms of “mixed” financing and actively work with trust funds and on public-private partnership models. End