EDB Spills Beans On Ramping Up Project Targets Through End Of 2024
Date
12/5/2024 5:19:48 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, December 5. The Eurasian
Development bank (EDB) hopes to surpass the level of 300 projects
in its portfolio by the end of this year, Chairman of the EDB Board
Nikolay Podguzov said during a final press conference today,
Trend reports.
"We are experiencing consistent growth, and EDB's role in the
region's sustainable development is becoming increasingly
important. Our portfolio currently comprises 298 projects. The
bank's investment volume is nearing $16 billion, reflecting a six
percent growth this year.
Simultaneously, we are performing favorably regarding the return
on our investments during the past 11 months. EDB's capital has
risen almost nine percent to $2.2 billion. This also ensures
continued portfolio expansion," he explained.
He believes the bank is hitting the nail on the head with its
strategic goals and plans, moving forward without a hitch.
"We anticipate achieving all control indicators established in
our 2022-2026 strategy by the conclusion of 2024. This year, we
initiated over 30 new projects designed to bolster the economies of
our nations, with the yearly investment volume projected to reach
around $2.3 billion by year-end, marking one of the most favorable
annual outcomes in the bank's history," Podguzov added.
The Eurasian Development Bank is an international development
finance agency that invests in the economic development, commercial
relations, and integration of Eurasian countries. The EDB was
established in 2006 and is based in Almaty, Kazakhstan.
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