EDB Becomes Leader In National Currency Lending Among Int'l Development Banks - Senior Managing Director
Date
6/28/2024 2:17:34 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, June 28. The Eurasian
Development bank (EDB) has become a leader in lending in national
currencies among international development banks, Senior Managing
Director of the Eurasian Development Bank Denis Ilyin said during
the session "The EDB's investment Instruments: Results and
Prospects" at the EDB Annual Meeting and Business Forum in Almaty,
Trend reports.
"EDB has become a leader in lending in national currencies among
international development banks, which is relevant for our region,"
he emphasized.
According to him, for example, Kazakhstan has a very active
national currency and a high a high demand for it.
"For us, the national currency is as much a tool for financing
our projects as the dollar and the euro, rather familiar currencies
for international development banks," he noted.
Ilyin mentioned that the Eurasian Development Bank turned 18
years old this year.
"The EDB has invested almost $15 billion during its existence,
ensuring the implementation of 280 projects in the financial
sector, energy, transport, and extractive industries. The most
active period of the bank's activity in this case probably fell on
the last 4 years, when the assets of the bank grew by 58 percent,"
he added.
To note, the final day of the EDB Annual Meeting and Business
Forum has started in Almaty. The event today will include three
panel sessions and a presentation of the study "Water and
Sanitation in Central Asia".
MENAFN28062024000187011040ID1108383887
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.