OREANDA-NEWS. December 14, 2010. In Moscow Eurasian Development Bank (EDB) Council held a meeting, where participated: on behalf of Russia - Deputy Minister of Finance Dmitriy Pankin, on behalf of Kazakhstan - Minister of Finance Bolat Zhamishev, from Armenia - Deputy Minister of Energy and Natural Resources Iosif Isayan, from Belarus - Minister of Economy Nikolai Snopkov, from Tajikistan – First Deputy Chairman of the Government Committee on Investments and State Property Management Amonjon Eshonkulov, reported the press-centre of KASE.

The Council approved the second mid-term EDB strategy for 2011-2013. The strategy goal is to increase the investment portfolio to USD4.36 bn by the end of 2013, to increase the mutual trade between EDB member countries by USD1.6 bn and mutual investments by USD1.2 bn. Funded by the bank projects must ensure generation of products manufacture in the volume of USD3.6 bn per year and must have multiplicative effect in adjacent sectors at the level of USD4 bn of additional products manufacturing a year. Also under the EDB strategy the Council accepted the bank budget for 2011.

Also, the bank approved creation under the bank of the Center of Integration Research to implement research, develop reports and recommendations to EDB member countries on regional economic integration.

The Council assigned the Managing Director of Crisis Management Fund Sergei Shatalov as the Management Board Deputy Chairman and the Managing Director of Finances Berik Mukhambetjanov as EDB Management Board member.