The Eurasian Development Bank (EDB) has been granted a license to directly participate in China’s interbank bond market (CIBM). This development, announced June 22 by the People’s Bank of China, provides EDB with access to one of the world’s largest bond markets. The CIBM is a significant platform for fixed income investments. This move is expected to facilitate greater financial cooperation between the EDB and Chinese financial institutions. Details regarding the scope of EDB’s operations within the CIBM have not yet been released. The license signifies increased integration of the EDB within the Chinese financial system.