YEREVAN, FEBRUARY 3, NOYAN TAPAN. By the February 3 decision of the National Assembly of the RA, Armenia has joined the Agreement on the Foundation of the Eurasian Development Bank signed between Russia and Kazakhstan in Astana on January 12, 2006. The purpose of this bank is to help with developing the market economies of the member states, ensure their sustainable economic growth and extension of mutual trade and economic relations. The authorized capital of the bank amounts to 1.5 billion dollars, of which Russia's share makes 1 billion dollars, that of Kazakhstan - 0.5 billion dollars. The agreement is open to new participants: other countries and international organizations. The RA minister of energy and natural resources Armen Movsisian said that Armenia will have its share in the bank's authorized capital, with the aim of attracting considerable investments for financing a number of programs in energy, chemical industry, infrastructures, mining sector, light industry, transport and communication, and agricultural produce processing sector.

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