Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev held a meeting with Chairman of the Board of the Eurasian Development Bank Nikolai Podguzov at the headquarters of the EEC on March 15.
The parties exchanged views on topical issues of the development of the Eurasian Economic Union, including cooperation between the EEC and the EDB, taking into account the prospects for investment activities to strengthen the economies of the EAEU countries.
Special attention was paid to the implementation of a new mechanism to support industrial cooperation – subsidizing part of the interest rate on the loan from the budget of the Commission, as well as building new transport and logistics directions and expanding trade and economic ties between the countries of the Eurasian “five” in the context of new geopolitical realities.
Bakytzhan Sagintayev noted during the meeting that the EAEU integration projects have huge potential. Accordingly, they must be supported by the necessary investments.
The EDB, as an institution that promotes the development of the market economy of the bank’s member states, their sustainable economic growth and the expansion of trade and economic ties, could contribute to the promotion of breakthrough projects within the EAEU by expanding its investment activities.
In turn, Nikolay Podguzov outlined a number of proposals for cooperation between the bank and the EEC Board.The Memorandum of Cooperation between the EEC and the EDB was signed on November 12, 2013.
The member States of the EDB are: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan.
