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The Eritrean Investment and Development Bank was established on 1996-10-28. The Bank did not effectively begin operations until 1998 from its single office in Asmara. The Bank was fully financed by the Ministry of Finance and thus is a fully state-owned bank.[1] This is the smallest of the state-owned banks in Eritrea and typically funds development projects by funneling funds from various other organizations included the Bank of Eritrea and the World Bank.
[edit] References
- ^ Rena, Ravinder (2006). Financial Institutions in Eritrea. New Africa Press. ISBN 0-9802534-8-9.
[edit] See also
