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Friday, 29 November 2019 13:12

EDB's investment portfolio in Belarus to exceed $500m in 2020

EDB's investment portfolio in Belarus to exceed $500m in 2020

The volume of loans the Eurasian Development Bank (EDB) has allocated for Belarusian projects will exceed $500 million in 2020, BelTA learned from EDB Chairman of the Board Andrei Belyaninov during the 14th international conference Eurasian Economic Integration on 29 November.

Andrei Belyaninov spoke in positive terms about prospects of the EDB's presence in Belarus. In his words, the bank's investment portfolio in the country will greatly exceed $500 million.

The EDB chairman of the board noted that loans in Belarusian rubles may become available for Belarusian companies in the not-too-distant future. “I think we will offer multicurrency loans with assistance of the Development Bank of the Republic of Belarus,” he said.

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with a view to facilitating the development of market economies in the member states, their sustainable economic growth, and the expansion of mutual trade and economic ties. The member states of the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.

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