GIVE 100,000 TO GET 500 MILLION INVESTMENTS
Tert.am
13.05.10
The total amount of the projects the Eurasian Development Bank plans
to implement in Armenia makes about $500 million, the bank’s Board
Chairperson Igor Finogenov said at an interview with the Russian
RBK daily.
According to Finogenov those resources will be used for the development
of small and medium businesses, but the priority sectors for the bank
are energy and transportation infrastructure.
At the same time he recalled that memorandums on cooperation were
signed in Yerevan among ArmRosGazprom, International Energy Corporation
and South-Caucasus Railway.
Finogenov also recalled that the Eurasian Development Bank provided the
Armenian Haybusinessbank with $20 million in credit with a five-year
return term.
Eurasian Development Bank’s statutory fund is $1.5 billion. Russia’s
shares make up $1 billion while Kazakhstan has $500 million
participation. Armenia’s and Tajikistan’s shares make correspondingly
$100,000 and $500,100.