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EDB interested in funding projects in Azerbaijan

6 December 2016 11:03 (UTC+04:00)
EDB interested in funding projects in Azerbaijan

Azerbaijan`s Finance Minister Samir Sharifov has met Chairman of the Management Board at Eurasian Development Bank Dmitry Pankin to discuss the bilateral cooperation opportunities.

The Azerbaijani minister highlighted the macroeconomic situation in the country, economic reforms implemented by the government under the leadership of President Ilham Aliyev, the local and regional projects, as well as transnational projects involving Azerbaijan, Azertac reported.

Stressing that they attach great importance to cooperation with Azerbaijan, Pankin noted the opportunities for the Bank to fund projects in the transport, transit, energy, private sector and other areas.

EDB was established by Russia and Kazakhstan in 2006. The authorized capital makes up $7 billion. The banks shareholders are Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan and Tajikistan.

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