Bishkek, June 27, 2024. /Kabar/. No major international development bank can single-handedly build an infrastructure facility worth several billion US dollars, be it a hydro power station or some kind of transport hub, Chairman of the Eurasian Development Bank Board Nikolai Podguzov told at the EDB Business Forum in Almaty.
He said that the cooperation between international development banks is particularly useful where long-term international efforts are needed. In such projects, international banks perform an anchor function.
Podguzov noted that the strategy of the Eurasian Development Bank involves investing almost 11 billion US dollars in the economies of shareholder countries till 2026. “The challenges facing the region are global. And here it is impossible without combining efforts,” he said.
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