Azerbaijan Unveils Details Of Investment Ventures With Kazakhstan
Date
12/22/2024 1:09:20 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 22. The volume of
mutual investments between Azerbaijan and Kazakhstan for the first
half of 2024 amounted to $65 million, and the number of mutual
investment projects amounted to five.
The data obtained by Trend from the Eurasian Development bank (EDB) shows
that out of the above-mentioned amount, $8 million (two projects)
are Kazakh investments in Azerbaijan, and $57 million (three
projects) are Azerbaijani investments in Kazakhstan.
To note, the EDB is a multilateral development bank with an
authorized capital of seven billion dollars, designed to promote
the economic growth of member states, expansion of trade and
economic ties between them, and the development of integration
processes in the Eurasian space through investment activities.
The main sources of financing for the EDB's lending and
investment activities are long-term borrowings raised in the
capital markets and the bank's own funds.
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