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Armenia to become member of Eurasian Development Bank by end of year

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  • Armenia to become member of Eurasian Development Bank by end of year

    Armenia to become member of Eurasian Development Bank by the end of the
    year

    2008-11-28 13:24:00


    ArmInfo. Armenia may become a member of Eurasian Development Bank by
    the end of the current year, Deputy Energy and Natural Resources
    Minister Iosif Isayan told ArmInfo correspondent.

    He also added Armenian Constitutional Court has already discussed the
    agreement on Armenia's joining the bank and on 1 December the decision
    will be directed to the parliament for ratification. He also said
    Armenia's joining Eurasian Development Bank is very much important as
    the latter is an investment bank which finances various projects in the
    CIS countries. Eurasian Development Bank is interested in Armenia in
    the projects in the sphere of energy, transport and agriculture.

    To note, Eurasian Development Bank with 1,5 bln dollars authorized
    capital was founded in January 2006 on the basis of agreement between
    the governments of Russia and Kazakhstan.
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