The Eritrean Investment and Development Bank (EIDB) is a bank in

Eritrea Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of East Africa, with its capital and largest city being Asmara. It is bordered by Ethiopia in the Eritrea–Ethiopia border, south, Sudan in the west, and Dj ...

. It was established on 28 October 1996. It did not effectively begin operations until 1998 from its single office in

Asmara Asmara ( ), or Asmera (), is the capital and most populous city of Eritrea, in the country's Central Region (Eritrea), Central Region. It sits at an elevation of , making it the List of capital cities by altitude, sixth highest capital in the wo ...

, Eritrea. The bank was fully financed by the Ministry of Finance, and thus the financial institution is a property of the Eritrean government. Eritrean Iinvestment and Development Bank

Eritrean Iinvestment and Development Bank

The Eritrean Investment and Development Bank is the smallest of Eritrean government-owned banks. It typically finances development projects by funneling funds from various other organizations, including the

Bank of Eritrea The Bank of Eritrea is the central bank of Eritrea. The bank is located in Asmara, the capital. The central bank is interested in encouraging foreign investment and in importing capital goods such as industrial machinery and agricultural equipmen ...

and the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

References

Banks of Eritrea Companies of Eritrea Government of Eritrea Banks established in 1996 Organisations based in Asmara 1996 establishments in Eritrea {{Africa-bank-stub

See also

References