BISHKEK (TCA) — In Q3 2017, multilateral development banks (MDBs) approved CIS project financing for a total of US$ 1.5 billion, including 60% of sovereign funding and 40% of private sector funding, according to Eurasian Development Bank’s (EDB) Analytical Review. In Q3 2017, investment project financing originated by MDBs in the CIS private sector decreased 1.6 times quarter-on-quarter to US$ 613 million. Four MDBs (EDB, EBRD, BSTDB, EIB) approved funding for 18 projects. The EDB accounts for the bulk of newly approved funding (US$ 365 million, or 60%) which will be used to finance 6 projects.
The review focuses on Q3 …read more
Source: The Times of Central Asia