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Economy Ministry, EDB discuss cooperation on implementing long-term infrastructure plan

MINSK, 10 December (BelTA) – Opportunities for cooperation within the framework of the future national infrastructure plan for 2021-2025 were discussed as Belarusian Economy Minister Aleksandr Chervyakov met with Chairman of the Board of the Eurasian Development Bank (EDB) Nikolai Podguzov, BelTA has learned.

Aleksandr Chervyakov and Nikolai Podguzov discussed prospects of financing infrastructure projects and investment projects in Belarus using EDB resources. The sides noted a mutual interest in implementing projects with a strong integration effect.

Apart from that, the economy minister mentioned the importance of the EDB’s support to clients in Belarus for the sake of maintaining the stability of their financial status in conditions of uncertainty caused by the coronavirus pandemic.

The Eurasian Development Bank (EDB) is an international financial institution in 2006 with a view to facilitating the development of market economies of the member states, their sustainable economic growth, and the expansion of mutual trade and economic ties. The EDB's charter capital totals $7 billion. The member states of the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.

As of 1 December 2020 Belarus’ share in the EDB’s current investment portfolio stood at $988.9 million. The share increased from 9.2% in December 2018 to 25.3% in December 2020 or by 2.75 times.

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