BISHKEK (TCA) — Multilateral development banks (MDBs) increased financing for Commonwealth of Independent States (CIS) projects, including in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, in Q2 2017 compared to Q1 2017 by 125% or up to US $2.36 billion, according to the Review of Investment Activities of Multilateral Development Banks in Q2 2017, distributed by Eurasian Development Bank’s Strategic and Sector Research Department.
In Q2 2017, MDBs approved financing of CIS projects in Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan, of which 45% is financing of the private sector and 55% is sovereign financing (involving government …read more
Source: The Times of Central Asia
