Eurasian Development Bank to invest $1.5bn in Belarusian economy till 2026
The Eurasian Development Bank (EDB) is set to invest $1.5 billion in the Belarusian economy through 2026, EDB Chairman of the Board Nikolai Podguzov said in an interview to Belarus 1 TV channel, BelTA has learned. “The EDB's five-year plan is to invest about $1.5 billion in Belarus,” said Nikolai Podguzov.
The total amount of the EDB investment in the shareholder countries in 2022 was about $2.5 billion, Nikolai Podguzov said. According to him, the pace of implementation and the number of projects will depend on the interaction with potential borrowers. “The year 2022 was not an easy one and was associated with rising rates in the global financial markets.
We saw some slowdown in project activity in the first half of the year and a related slowdown in financing across the space.
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