2024-07-05 13:20:33
Source: International Information Agency Trend
The Eurasian Development Bank (EDB) is open to participation by Azerbaijan and Turkey.
As reported by Day.Az, this was stated by the Chairman of the Management Board of the Eurasian Development Bank Nikolay Podguzov in response to a question from Trend on the sidelines of the bank’s annual meeting and business forum in Almaty.
“There are plans for expansion. Probably the nearest plans are for Uzbekistan to join the bank. And we, hopefully, will complete these procedures this year and will already begin to finance projects. As for Azerbaijan and Turkey, taking into account the geographical location of these countries, they are in the Eurasian region. They are also neighbors of the bank members. Taking into account the very serious volumes of trade turnover between Turkey and Azerbaijan and the countries of the Eurasian region, the participation of these countries in the Eurasian Development Bank is certainly important and would be useful for both the countries already in the bank and Azerbaijan and Turkey. We are open to the participation of Azerbaijan and Turkey,” he said.
According to him, the decision on the accession of countries is made at the shareholder level.
“To do this, we need to receive relevant applications from countries about their intention to join the bank, and then we could begin official procedures for joining. But we are ready, the perimeter of cooperation between Azerbaijan and Turkey with the countries of the region allows us to quickly prepare a list of current joint projects, and I believe that we could successfully implement them if these countries were members of the Eurasian Development Bank,” added the chairman of the board.
It should be noted that the EDB is an international financial organization that carries out investment activities aimed at developing economies, trade and economic ties and integration processes in the countries of the Eurasian region.
Currently, the bank’s shareholder members are six countries: Russia, Kazakhstan, Belarus, Tajikistan, Kyrgyzstan and Armenia.