(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 2. The Eurasian
Development bank (EDB) would be pleased to have Azerbaijan on board
as a shareholder country, former chairman of the National Bank of
Kazakhstan Grigory Marchenko told Trend .
He made the remark on the sidelines of the annual meeting and
business forum of the bank in Almaty.
"Two years ago, I was in Azerbaijan, and during negotiations on
behalf of the bank, I proposed the country's accession to the EDB
as a shareholder. In general, we have such a position that we, as
the Eurasian Development Bank, promote economic cooperation in our
region. In this sense, we would certainly be happy to see
Azerbaijan as a shareholder country," Marchenko said.
According to him, the bank currently has six shareholder
countries (Russia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, and
Armenia), and negotiations are underway for Uzbekistan to join.
"If Azerbaijan someday wants to join our bank, I think it can be
done quite quickly," the advisor to the board chairman noted.
Referring to the possibility of financing the projects of
Azerbaijani entrepreneurs, Marchenko emphasized that not only the
decision at the level of the credit committee but also the approval
of the Bank's Council is needed to approve the project.
"Any loan to a territory outside the shareholder countries
requires the approval of the Council. This is a rather lengthy
process. The Chairman of the Council of our bank is the Prime
Minister of Kazakhstan, Oljas Bektenov. For our activity with
Azerbaijan to move forward at a rapid pace, it would be good for
the state to join the number of shareholders of the bank. Any joint
infrastructure projects with the bank's participants will be
considered, of course. However, the optimal solution would be to
join the bank," he added.
To note, the EDB is an international financial organization,
that carries out investment activities aimed at developing
economies, trade and economic relations, and integration processes
in the countries of the Eurasian region.
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