ARMENIA LIKELY TO JOIN EURASIAN DEVELOPMENT BANK

Noyan Tapan
Nov 04 2006

YEREVAN, NOVEMBER 4, NOYAN TAPAN. It is likely that Armenia will join
the Eurasian Development Bank (EDP), Chairman of the Central Bank of
Armenia (CBA) Tigran Sargsian stated this on November 3. According to
him, the issue of joining the EDP will be discussed by the Armenian
government. "We received an official letter of the EDP Chairman, the
Armenian government will discuss this issue and make a decision,"
he said. The Eurasian Development Bank was founded by Kazakhstan
and Russia in early 2006. Its authorized capital makes 1.5 billion
US dollars.