OREANDA-NEWS. July 01, 2011. Eurasian Development Bank (EDB) extends the composition of EDB participants - EDB Council at the meeting endorsed entry of Kyrgyzstan into EDB composition, reported the press-centre of KASE.

"The economic effect of Kyrgyzstan entry to EDB will be significant for both Kyrgyzstan and other countries - participants of the Bank, - said the Bank Management Board Chairman Igor Finogenov. - EDB will be able to introduce to Kyrgyzstan its resources and experience on projects implementation, all the more as the country today is a participant of EurAsEC Anti-crisis Fund and has an access to its resources. Having become a plenipotentiary EDB member, Kyrgyzstan will be able to increase its economic safety, create work places". "At the same time, in Kyrgyzstan we are going to develop not only a classic project funding, but also credit lines for small and medium size businesses", - emphasized Igor Finogenov.

We remind that Kyrgyzstan expressed its will to join EDB in February 2010, having addressed to EDB a request.