21.12.2007, 17:55 2709

EBD, EurAsEC to sign cooperation memorandum

The Eurasian Bank of Development (EDB) and EurAsEC secretariat will sign the cooperation memorandum in the near future.

Moscow. December 21. Kazakhstan Today - The Eurasian Bank of Development (EDB) and EurAsEC secretariat will sign the cooperation memorandum in the near future. The arrangement was reached on December 19 during the meeting of EurAsEC Secretary General Tair Mansurov with the President of the Bank Igor Finogenov, EurAsEC press service informed the agency.

"Realization of the set objectives by EurAsEC member states at the session of the Interstate Council on October 6, 2007in Dushanbe on activization of integration processes, more effective cooperation of all bodies and structures of the community, assumes strengthening of interaction of EDB and EurAsEC. The parties agreed in the near future to sign the memorandum of interaction of the Bank and EurAsEC secretariat," the press service informed.

As it was informed earlier, EDB was created in 2006 by the initiative of the Presidents of Russia and Kazakhstan. The authorized capital of these two countries makes $1.5 billion. The primary goal of the bank is assistance to economic growth and expansion of trade and economic relations of the countries-participants by realization of investment activity.

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