EDB to help finance Jerooy gold mine development in Kyrgyzstan

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

EDB and ADB to invest $3b in Armenia, Kazakhstan, Kyrgyzstan, Tajikistan

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