15.04.2015 17:30
YEREVAN, April 15. /ARKA/. The Eurasian Development Bank (EDB) is ready to consider projects in other national currencies as well, provided there is access to the liability side, head of the EDB board Dmitry Pankin said in his exclusive interview to ARKA.
Since the beginning of its activities the bank has been funding projects also in rubles and tenge in particular, he said. The key issue is if there is access to the respective liabilities, he said.
The matter consists of two separate issues, according to Pankin. The first is the extent to which the local stock market is developed to allow for attraction of local currency funds through debt instruments. And the second is the derivative products that provide an opportunity to manage forex risks, Pankin said.
Categories: Exchange market, General news, News, News of the hour | Comments Off on EDB willing to consider local currency projects – Pankin
Tags:
Read more
