ARMENIAN PREMIER SAYS EURASIAN DEVELOPMENT BANK MAY OPEN REPRESENTATION IN ARMENIA
ARKA
May 25, 2009
YEREVAN, May 25. /ARKA/. The Eurasian Development Bank (EDB) may open
its representation in Armenia, RA Prime Minister Tigran Sargsyan said
on a plane returning from Astana to Yerevan.
The prime minister added he had negotiated with EDB President Igor
Finogenov over possible opening of the bank’s representation in
Armenia.
They also discussed possible investment programs in Armenia. "It is
known that Armenia was the third founder of the Eurasian bank. We
have made our contribution to the bank’s capital," Sargsyan was quoted
as saying.
During his meeting with the EDB president, the Armenian premier
touched upon three to four investment programs and one of them was
a mining project.
On January 12, 2006, Russia and Kazakhstan signed an agreement on the
establishment of the Eurasian Development Bank. EDB launched operations
in June 2006. The bank’s authorized capital totals $1.5bln, with Russia
and Kazakhstan having $1bln and $0.5bln share respectively. EDB’s
headquarters are located in Almaty.
The bank finances mid-term and long-term investment projects
of regional importance and extends loans to enterprises in its
member-states. It also supports macroeconomic and structural policies
of members.
EDB also participates in interregional investment projects.
On March 26, the RA Government agreed on purchasing=2 0EDB shares
at $100,000.
The bank is expected to earmark $500mln for programs in Armenia. -0–
YEREVAN, May 25. /ARKA/. The Eurasian Development Bank (EDB) may open
its representation in Armenia, RA Prime Minister Tigran Sargsyan said
on a plane returning from Astana to Yerevan.
The prime minister added he had negotiated with EDB President Igor
Finogenov over possible opening of the bank’s representation in
Armenia.
They also discussed possible investment programs in Armenia. "It is
known that Armenia was the third founder of the Eurasian bank. We
have made our contribution to the bank’s capital," Sargsyan was quoted
as saying.
During his meeting with the EDB president, the Armenian premier
touched upon three to four investment programs and one of them was
a mining project.
On January 12, 2006, Russia and Kazakhstan signed an agreement on the
establishment of the Eurasian Development Bank. EDB launched operations
in June 2006. The bank’s authorized capital totals $1.5bln, with Russia
and Kazakhstan having $1bln and $0.5bln share respectively. EDB’s
headquarters are located in Almaty.
The bank finances mid-term and long-term investment projects
of regional importance and extends loans to enterprises in its
member-states. It also supports macroeconomic and structural policies
of members.
EDB also participates in interregional investment projects.
On March 26, th e RA Government agreed on purchasing EDB shares
at $100,000.
The bank is expected to earmark $500mln for programs in Armenia.
From: Emil Lazarian | Ararat NewsPress
