The Eurasian Development Bank became a partner of the Republic of Komi
On February 15, 2018 a memorandum on cooperation between the Government of the Republic of Komi and the Eurasian Development Bank was signed at the Russian Investment Forum in Sochi. Head of the Republic of Komi Sergey Gaplikov and Chairman of the Board of the Bank Andrei Belyaninov signed the document.
Within the memorandum framework the Government of the Republic of Komi and the Eurasian Development Bank agreed to cooperate in implementing investment projects in industry, agriculture, infrastructure (construction of logistics terminals, bridges, roads and other facilities), development of minerals (including extraction and processing of raw materials), energy and woodworking. It is also planned to hold consultations and exchange experience on instruments for supporting and developing small and medium-sized businesses.
*** The Eurasian Development Bank (EDB) is an international financial institution established by Russia and Kazakhstan in January 2006 to promote market economy development of participant countries, their sustainable economic growth and expansion of mutual trade and economic relations. The EDB authorized capital is USD 7 billion. The state parties of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.