DUSHANBE, February 12, 2013, Asia-Plus — On Tuesday February 12, Tajik President Emomali Rahmon received visiting Chairman of the Board of the Eurasian Development Bank (EDB), Igor Finogenov, according to the Tajik president’s official website.
In the course of the talks, the sides reportedly considered a broad range of issues related to the state and prospects of further expansion of cooperation between Tajikistan and this financial institution.
They, in particular, discussed the agenda of a roundtable that will bring together representatives of the Tajik Government and the Bank.
The sides expressed satisfaction with the beginning of financing of a number of significant projects in Tajikistan. At the same time, they noted that there was still considerable room for further expansion by the bilateral cooperation between Tajikistan and the EDB.
The EDB CEO noted that the Bank was interested in financing efficient projects in sectors like energy (hydropower), agriculture, construction, transportation, and tourism.
Finogenov reportedly said that the EDB planned to provide a US$130 million preferential loan for those purposes.
Eurasian Development Bank (EDB) is an international financial organization founded by Russia and Kazakhstan in 2006. The members of the Bank are Russia, Kazakhstan, Armenia, Tajikistan and Belarus (2010). Other states or international organizations can become members by joining the Agreement Establishing the EDB. The Bank has authorized capital in exceeds US$1.5 billion, which was formed of contributions by its member states: Russia (US$1billion), Kazakhstan (US$500 million), Armenia (US$100,000), Tajikistan (US$500,000) and Belarus (US$15 million). The authorized capital may be increased by resolution of the Bank’s Council. The Bank has the status of an international organization, and is subject to international law.
