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BISHKEK (TCA) — The Eurasian Development Bank (EDB) said it has borrowed CNY 1.5 billion (around US $230 million) from the Export-Import Bank of China (Exim Bank of China) to finance transboundary transactions between China and the Bank’s member countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The respective agreement was signed on 16 November 2020. The loan facility has been extended for five years.

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