BISHKEK (TCA) — In Q1 2017, multilateral development banks (MDBs) reduced finance for the CIS countries four times compared to Q4 2016 and 1.9 times compared to Q1 2016, according to the review ‘An Overview of Investments by Multilateral Development Banks in Q1 2017 in the CIS Countries’ distributed by Eurasian Development Bank’s (EDB) Strategic and Industrial Research Department.
Overall, in Q1 2017, MDBs approved finance of US $1.05 billion for projects in the CIS countries, including Armenia, Azerbaijan, Belarus, Kazakhstan, the Kyrgyz Republic, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan, out of which the private sector accounted for 22% and …read more
Source: The Times of Central Asia
