OREANDA-NEWS. March 12, 2008. Issues on development of Kazakhstan-Russian relations in finance, accession to the WTO, as well as the activity of the Eurasian Development Bank (EADB) were discussed at the meeting.

In January this year Russia has completed the transfer of its part of the charter capital of the EADB – one billion USD. As well as Kazakhstan is being completed the transfer of his part of the charter capital. Totally the charter capital of the Eurasian Bank will amount to 1.5 billion USD, A.Kudrin said at a press-briefing.

A. Kudrin emphasized the high level of management of the EADB capital and projects. It will make possible for the bank to get an international investment rating which is higher than sovereign ratings both of Russia and Kazakhstan. Now our goal is to increase the number of participants of the EADB. We received bids from Tajikistan, Kyrgyzstan, Armenia and Byelorussia to become a bank’s shareholder. In the nearest future the EADB will become a leading investment bank on the territory of the EurAsEC and the CIS as a whole. It will be a new regional development institute of the international level, A.Kudrin noted.

Issues on cooperation of development institutions of Kazakhstan and Russia in realization of projects in transport infrastructure that joins and provides integration of both countries were also discussed in the course of the meeting.