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DUSHANBE (TCA) — Tajikistan has received the first, US $20 million tranche of the financial credit from the Eurasian Fund for Stabilisation and Development (EFSD) managed by Eurasian Development Bank (EDB). The tranche was extended as a result of the country's compliance with all the conditions precedent for its provision set forth by the Resolution of the EFSD Council dated 8 December 2015 and the Loan Agreement signed on 15 August 2016 between EDB and the Republic of Tajikistan, EDB said. Continue reading
DUSHANBE (TCA) — Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilisation and Development (EFSD), and the government of Tajikistan signed a US $40 million financial credit agreement on August 15. The credit will be provided to support economic reforms in the country in 2016-2017 in two equal tranches, EDB said. Continue reading
DUSHANBE (TCA) — The Eurasian Development Bank (EDB) is considering participation in the rehabilitation of the Nurek hydropower plant in Tajikistan. This was discussed at the meetings of EDB Chairman Dmitry Pankin with Tajikistan Prime Minister Kokhir Rasulzoda and Tajik Finance Minister Abdusalom Kurboniyon in Dushanbe last week. Continue reading
BISHKEK (TCA) — Despite the risks that remain due to low raw material prices and the condition of the global economy, the development of Eurasian Development Bank (EDB) countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan) in the first six months of 2016 suggests they do adapt gradually to the shocks of several recent years. Negative trends in EDB economies that aggravated in 2015 because of falling raw material prices weakened to some extent, and the region's economies began to improve their macroeconomic indicators in the first six months of 2016, including leading indicators, the rates of exchange, inflation expectations, and stabilization in the financial markets, EDB said with reference to the findings made in The Macroeconomic Review prepared by the Chief Economist Group at EDB. Continue reading
BISHKEK (TCA) — Eurasian Development Bank (EDB) and Alliance Altyn on June 22 signed a letter of intent to cooperate in Jerooy gold mine development in Kyrgyzstan. Continue reading
BISHKEK (TCA) — The Eurasian Development Bank (EDB) and the Asian Development Bank (ADB) have signed a framework co-financing agreement, setting forth the main areas and mechanisms of cooperation in the EDB and ADB member states. The document states that the banks will invest in projects in Armenia, Kazakhstan, Kyrgyzstan, and Tajikistan. EDB will provide US $1 billion and the ADB US $2 billion until 2021, EDB’s press service said on March 2. Continue reading
