30.05.2016 12:28
YEREVAN, May 30. /ARKA/. Kazakh prime minister Karim Massimov, who is also the plenipotentiary representative of the Republic of Kazakhstan to the Eurasian Development Bank (EDB) Council, was re-elected as chairman of the EDB Council during a regular meeting in Astana on 24 May 2016. The Council also approved the Bank’s 2015 annual and financial reports, Review Commission and Internal Audit reports for 2015.
The Council also approved its updated Strategy for 2013-2017, which contains revised EDB performance indicators, by taking into account macroeconomic developments in the region, depreciation of EDB members’ currencies, as well as revised national and general Eurasian industrial, investment, and social policy priorities.
Under its updated Strategy, EDB is planning to expand the volume of its current investment portfolio to US $ 3.3 billion by end-2017, with regional integration project financing accounting for at least 50% of the total investment portfolio.
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