EDB plans to invest $2.3 in 30 projects in member states in 2024

The Eurasian Development Bank (EDB) plans to finance at least 30 projects in member states worth around $2.3 bln in 2024, Chairman of the Management Board Nikolay Podguzov said, Azernews reports, citing TASS.

"Our plans for 2024 are even more ambitious as we plan in invest around $2.3 bln in the economy of our member states in accordance with our strategy. The current investment portfolio is to reach $6 bln, and we plan to finance at least 30 projects," he told a press conference.

The development bank plans to increase the volume of investment in 2024 compared with this year, Podguzov said. "In 2023, the bank’s annual investments will surpass $1.7 bln," he added.

The Eurasian Development Bank is an international financial organization, which is involved in investment activities across Eurasia. The organization includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.