Eurasian Development Bank (EDB) and The Bank of Tokyo-Mitsubishi UFJ, Ltd singed an agreement for provision of USD 50 mln loan to EDB.

The funding will be allocated to EDB projects on development of finance instruments, micro financing and Small & Medium Enterprises, the bank’s press service reported.

Eurasian Development Bank (EDB) is an international financial organization founded by the Russian Federation and the Republic of Kazakhstan in 2006, with Russia, Kazakhstan, Armenia, Tajikistan and Belarus as member states. The EDB charter capital exceeds USD 1.5 bln.