EDB To Consider Azerbaijan Joining Bank If Requested - Board Chair
Date
6/27/2024 7:30:30 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, June 27. If Azerbaijan
expresses interest in joining the Eurasian Development bank (EDB),
their request will be warmly considered, EDB Board Chairman Nikolai
Podguzov told Trend on the sidelines of the bank's annual meeting
and business forum in Almaty.
"Azerbaijan is located in our primary operational region.
Therefore, if Azerbaijan expresses interest in joining the bank, we
would welcome such a proposal. I am confident that a decision will
be promptly made," he emphasized.
Podguzov noted that Azerbaijan actively collaborates with both
Russia and Kazakhstan, the founding countries of the bank.
"If such a proposal arises, we are prepared to present it to our
shareholders. I am optimistic that they will respond positively and
make a favorable decision," the chair added.
To note, the EDB 2024 Annual Meeting and Business Forum is
taking place in Almaty on June 27–28.
The events feature a series of sessions on the topics of Islamic
finance, transport, ecology, energy, and digital technologies.
The Eurasian Development Bank is a multilateral development bank
carrying out investment activities in the Eurasian region.
The EDB's authorized capital is $7 billion. The main share in
the EDB portfolio is occupied by projects with an integration
effect in the areas of transport infrastructure, digital systems,
green energy, agriculture, industry and mechanical engineering.
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