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Eurasian Development Bank notes economies of member-nations improve

October 14, 21:24 UTC+3 MOSCOW
The Eurasian Development Bank is an international financial organization established by Russia and Kazakhstan
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MOSCOW, October 14. /TASS/. Experts of the Eurasian Development Bank (EDB) note the normalizing trend in economies of member-states, the bank said on Friday.

"Gradual normalization of economic dynamics is worth to be expected by the end of this year from standpoint of normalization of rates and payment balance parameters against the background of capital outflow contraction," EDB Chief Economist Yaroslav Lisovolik said.

"Despite the fact that gradual relaxation of monetary policy will attribute extra impetus for recovery of economies in countries of the region, the core potential for accelerated recovery will be still concentrated in the field of structural transformations, including dividends EDB countries may receive from economic integration," he added.

Analysts of the bank expect inflation across EDB members will decline to 6.1% in 2016. Inflation in Russia will be less than 6% by 2016 year-end and this indicator "may renew its all-time low figures and turn to be 4%," the Bank said.

The Eurasian Development Bank is an international financial organization established by Russia and Kazakhstan in 2006. The Bank’s charter capital totals $7 billion. EDB members are Armenia, Belarus, Kazakhstan, Kirgizia, Russia and Tajikistan.

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