Eurasian Development Bank's (EDB) and Asian Development Bank (ADB) have signed a framework co-financing agreement, setting forth the main areas and mechanisms of cooperation in the EDB and ADB member states.

The document states that the banks will invest in projects in Armenia, Kazakhstan, Kyrgyzstan, and Tajikistan. EDB will provide US $1 billion and the ADB US $2 billion until 2021.

The banks also signed a protocol on joint additional co-finance for the investment programme to build the North–South road corridor in Armenia, envisioning an additional investment of US $320 million to be provided by EDB if it receives the respective application from the Armenian Government. EDB has already provided US $150 million for the project. The ADB intends to assist EDB under the framework agreement and invest in the preparation of the project's feasibility study.

Additionally, the banks  signed a protocol on joint additional co-finance for the investment programme to build the North–South road corridor in Armenia, envisioning an additional investment of US $320 million to be provided by EDB if it receives the respective application from the Armenian Government.  Earlier there has already been signed the agreement for US $150 million investments to the project. The funds will be allocated from the Eurasian Fund for Stabilization and Development, managed by EDB. The ADB intends to assist EDB under the framework agreement and invest in the preparation of the project's feasibility study.