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Economy

European development bank eager to further cooperate with AIIB

Additional syndicated loans to focus on Central Asia and Transcaucasia

Pierre Heilbronn, vice president of the European Bank for Reconstruction and Development

TOKYO -- The European Bank for Reconstruction and Development intends to expand its cooperation with the Asian Infrastructure Investment Bank to provide infrastructure to Central Asia and Transcaucasia, EBRD Vice President Pierre Heilbronn told The Nikkei.

The EBRD in June 2016 agreed to take part in a syndicated loan for the construction of a road in Tajikistan. It was one of the first such loan between the AIIB and an international financial institution. Now the EBRD has numerous syndicated loan projects under consideration, Heilbronn said, adding that the bank hopes to finalize a few of them by the end of the year.

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