Russian AK&M Information Agency reports that Sergei Glazyev led a discussion of the working group of the Eurasian Economic Commission (EEC) on April 29, to build a multinational bank to issue targeted credit for “the development of catching-up economies of the EAEU [Eurasian Economic Union] regions.” It was decided to prepare proposals on the form of possible cooperation between national agencies and discuss this issue within the framework of the Eurasian Economic Forum, which will be held in Bishkek on May 26.
Glazyev, Minister of Integration and Macroeconomics of the Eurasian Economic Commission, proposed a consortium among national agencies, drawing upon the experience of the Russia Agency for Strategic Initiatives (ASI). “We propose not to create a new institute, but to build work on the basis of a consortium of national agencies. The Agency for Strategic Initiatives has developed a systematic methodology that can be applied within the framework of the EAEU to exchange best practices in improving the investment climate, training and development of the social sphere,” Glazyev said.
