Eurasian Development Bank eyes boosting investment portfolio by more than twofold by 2024

Business & Economy December 03, 2020, 16:03

MOSCOW, December 3. /TASS/. The Eurasian Development Bank (EDB) expects to increase its investment portfolio in the EAEU countries (Eurasian Economic Union) by more than twofold in the future: in 3-4 years its size from the current $ 4.3 billion may reach $ 10 billion, the head of the bank Nikolay Podguzov said in an interview with TASS.

"Now we have a current investment portfolio of about $ 4.3 billion. I believe that the $ 10 billion bar of investments in the regions of the EAEU countries may well be overcome in the next 3-4 years," he said.

Podguzov clarified that the development bank's team plans to launch and significantly excel in the implementation of end-to-end integration projects in the field of transport, energy and water during this period, and implement several platform solutions in the field of digital.

"Against this background, if we talk about quantitative indicators, our goal is to double the bank's portfolio through the implementation of end-to-end integration projects," he stressed.

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