Eurasian Development Bank to invest 1.2 billion dollars in its member states in 2021

14:30, 3 November, 2021

YEREVAN, NOVEMBER 3, ARMENPRESS. The Eurasian Development Bank (EDB) plans to invest 1.2 billion dollars in the economies of its members states this year, Reuters reports citing the Bank’s board chairman Nikolai Podguzov.

Majority-owned by Russia and Kazakhstan and also present in Belarus, Armenia, Kyrgyzstan and Tajikistan, the EDB carries out project financing in infrastructure and industrial projects as well as transport and energy fields.

Nikolai Podguzov said the bank’s strategy for 2022-2026 envisages investing at least $500 million in projects in Armenia, Kyrgyzstan and Tajikistan.

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS