Armenia Joins Eurasian Development Bank

ARMENIA JOINS EURASIAN DEVELOPMENT BANK

ARKA
Aug 4, 2008

YEREVAN, August 04. /ARKA/. Armenian government has set up a task
group to coordinate the activity for the country’s membership in the
Eurasian Development Bank.

Armenian Minister of Energy and Natural Resources Armen Movsisyan
said the group will arrange the process of Armenia’s joining the
Russia-Kazakhstan agreement on founding the bank, cooperation issues
and development of mid-term programs. Armenian government also decided
to earmark $100,000 from the reserve fund to purchase bank stocks.

The task group is composed of seven members, including the deputy
minister of energy and natural resources and the deputy minister
of finances.