China-Belarus industrial park, Eurasian Development Bank team up to find investors

Alexander Yaroshenko, head of the park administration, underlined the importance of the document

The China-Belarus industrial park Great Stone and the Eurasian Development Bank (EDB) have signed a memorandum of cooperation, BelTA has learned.

In line with the document the industrial park and the bank will work together to bring strategic investors into the park and finance individual investment projects. Alexander Yaroshenko, head of the park administration, underlined the importance of the document. In his words, it opens great cooperation prospects for the park and the bank.

In turn, EDB Deputy Chairman of the Board Andrei Krainy noted the bank is interested in investing in the construction of the park's infrastructure. The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with a view to facilitating the development of market economies in the member states, their sustainable economic growth, and the expansion of mutual trade and economic ties.

The EDB's charter capital stands at $7 billion. The member states of the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.

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