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Svetlogorsk Pulp and Board Mill among EDB's important projects


Svetlogorsk Pulp and Board Mill is an important project not only for Belarus but also for Kazakhstan, Chairman of the Board of the Eurasian Development Bank (EDB) Nikolai Podguzov told BelTA.

"Traditionally, the first half of a year marks increasing investment opportunities. This year's projects are, first of all, Svetlogorsk Pulp and Board Mill. We are also considering a medical packaging project and a number of infrastructure projects. This is regular work. We also support other countries, our shareholders, who seek to purchase products from Belarusian manufacturers. This is a standard investment process," Nikolai Podguzov said.

According to him, Svetlogorsk Pulp and Paper Mill is a really important project. "It is important not only for Belarus but also, for example, for Kazakhstan where the demand for its products is great," the chairman of the board emphasized.

These days, the Eurasian Development Bank (EDB) is holding a conference of major investors in infrastructure and ESG projects and a meeting of members of the Association of Development Institutions of Asia and the Pacific (ADFIAP). The events in Almaty will wrap up on 17 May. Panel discussion will focus on financing of transport, communications, energy and digital infrastructure, which play a crucial role in sustainable social and economic development at the national and regional levels. The events have brought together more than 150 executives, board members, high-ranking officials and representatives of development institutions and investment funds. Their role in creating sustainable infrastructure will be the main topic of the meeting. First of all, these are financial institutions from China, Turkey, Japan, India, Africa, the Philippines, the countries of the European Union, the United States, Latin America and the Middle East, and the international organizations, including such UN structures as UNIDO, UNDP, etc.

The Eurasian Development Bank (EDB) is an international financial institution that carries out investment activities in Eurasia. For more than 17 years, the EDB has been promoting economic ties and ostered comprehensive development of its member countries. The EDB has an authorized capital of $7 billion. The EDB's portfolio is mainly represented by integration projects in the areas of transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. The bank is guided in its activities by the UN Sustainable Development Goals and ESG principles.