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EECEurasian Economic CommissionEEC and World Bank agreed on new approaches to cooperation
EEC and World Bank agreed on new approaches to cooperation

EEC and World Bank agreed on new approaches to cooperation

2/11/2020
Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission, and Cyril Müller, Vice President of the World Bank for Europe and Central Asia, held a meeting on February 11 at the EEC’s headquarters in Moscow.

The sides discussed possible areas of interaction between the EEC and the World Bank, issues of coupling the EAEU and the Chinese Belt and Road Initiative as well as prospects for implementing a unified system of traceability of goods on the Union’s territory.

Mikhail Myasnikovich mentioned that the World Bank worked bilaterally with all the EAEU States, however, more active interaction with the Union as a whole could give a much greater economic effect.

The Chairman of the EEC Board proposed to reshape the work in such a way as to move to implementing infrastructure projects throughout the Eurasian Economic Union.

"These projects should be very attractive and motivate countries to participate," the Head of the EEC Board noted.

The sides have agreed on new approaches to cooperate and implement joint projects in the future for developing the EAEU countries’ economies.​