▲ Up
 
02:56 24-01-2017
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
EDB to increase its charter capital up to $7 billion
09:03, 04 July 2014, 488

AKIPRESS.COM - d70ac565765bbfb396633bc4253bbdc0 The Council of Eurasian Development Bank decided to increase the Bank’s charter capital to US $7 billion during the meeting in Moscow on July 3, the Bank's press release reads. 

The meeting was attended by the Ministers of Finance of Armenia, Kazakhstan, Russia, the Kyrgyz Republic, and the Republic of Tajikistan.

The ministers approved the new version of the EDB Strategy for 2013-2017,including the updated section on the macroeconomic situation in EDB member states. The main indicator of EDB performance will be the current investment portfolio, which is expected to reach at least US $4.7 billion by the end of 2017, as a result of the launching of new projects in 2013-2017to the tune of at least US $3.7 billion.

With respect to project activities, the Council approved the possibility to involve a third lender to finance the construction of Unit 3 at Ekibastuz GRES 2. The Council also discussed changes in the financing terms of the investment project to construct the railcar building plant in Tikhvin, Leningrad Region.

In addition, the Council approved the Management Board’s Annual Report for 2013, the Statement of Comprehensive Income, and the Statement of Financial Position of the Bank, with KPMG Audit’s report, as well as the Auditing Commission’s statement on the Management Board’s Annual Report and EDB’s financial statements for 2013.


Twitterfacebookprint
LATEST NEWS
17:47 Conflict initiators agree to restore material damage on Kyrgyz-Tajik border in Batken17:07 Grigor Dimitrov defeats Uzbekistan's Denis Istomin to set up quarter-final clash with David Goffin17:03 Syrian government envoy denounces speech by rebel representative at Astana talks16:52 US storms: At least 18 dead in Georgia and Mississippi16:52 Infamous singer from Osh faces up to 7 years in prison for kicking police officer in the face16:38 Activists hand over 20,000 soms to those affected in Boeing 747 plane crash16:14 2,700 Muslim shrines exist in Kyrgyzstan, including 600 built past 5 years16:05 Kyrgyzstan to continue drug and HIV preventive works in 201715:47 Nineteen buildings demolished at once in China15:40 Indian Space Research Organisation to launch 103 satellites on a single rocket15:30 Astana hosting International Meeting on Syrian Settlement15:18 5 children from Dachi SU hospitalized with provisional diagnosis of jet fuel intoxication15:14 Earthquake that rattled southern Kyrgyzstan felt in Uzbekistan's Fergana measuring 4 magnitude14:56 Kazakhstan poised to deliver up ton 13 bln m3 of gas to Russia14:43 Atambayev offers condolences to Hungary over deaths of school children in bus crash in Italy14:32 5-magnitude earthquake jolts south Kyrgyzstan14:27 $95,000 raised for treatment of Miss Kyrgyzstan 2013 titleholder for cancer14:25 Over 20 mln soms raised for those affected by cargo plane crash in Bishkek14:10 Nazarbayev, UN special envoy discuss Syria peace talks in Astana14:05 Over 3,000 drug-addicted people registered in Bishkek
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75