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"Over the past years, Azerbaijan has been demonstrating encouraging economic development and ETDB is making sincere efforts to support fundamental reforms being carried out by Azerbaijan in attaining sustainable development," said ETDB.
In cooperation with the Azerbaijan's financial sector, ETDB said it was able to extend its financing programs in favour of development of SMEs and trade finance.
Recently, the Board of Directors decided to extent further support to the new members of the ETDB including the Azerbaijan and provided the opportunity for them to avail maximum financing up to three (3) times of their percentage share in the paid-in capital of the Bank."
"Therefore, ETDB would put all its efforts to contribute and partnership towards financing development projects for the dynamic and balanced pace of growth in the country.
The ETDB representative noted that as a result of sound economic policy and economic reforms conducted in recent years, the country is expected to register favorable development results.
ZCZC ETDB signs loan agreement with DG Khan Cement Limited ISLAMABAD, November 24, 2011 (Balochistan Times): The Economic Cooperation Organization (ECO) Trade and Development Bank signed an agreement with DG Khan Cement Limited (DGKCC) to finance 3 projects.
The ETDB strongly believes that SMEs have a vital role to play as engines of economic growth in the ECO region including Pakistan and this facility would be in line with the Banks mandate to become a driving force in the economic development of ECO member states by supporting and encouraging investments in high priority sectors such as SMEs, said a statement of the bank issued here on Friday.