EDB’s investments in Armenia’s economy amount to $200mln

13.11.2013 14:41
EDB’s investments in Armenia’s economy amount to $200mln

MOSCOW, November 13. /ARKA/. Investments by the Eurasian Development Bank (EDB) in Armenia’s economy amounted to about $200 million, chairman of EDB Board Igor Finogenov told ARKA.

Right now the bank is considering projects worth a total of about 0.5 billion dollars, he said adding it is mainly infrastructure project in construction, agriculture and business.

Finogenov said the bank has no intentions to limit its investments to any party.

“Everything depends on projects to be submitted for funding and on proactive attitude of our Armenian colleagues who will submit economically justified projects”, Finogenov said.

As of today, total volume of the bank’s investments exceeded 5 billion dollars, total number of projects is 93, he said.

EDB’s investment portfolio rose by 1 billion dollars this year only, Finogenov said.  –0--


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