News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB), represented by Nurym Ayazbayev, Executive Director, Islamic Finance, Directorate of Lending to Financial Institutions and Margulan Abdirov, Senior Executive Director and Deputy Head of the Project Division, met with Dr. Ghiath Shabsigh, Secretary-General of the Islamic Financial Services Board (IFSB), during the 23rd IFSB General Assembly in Rabat, Morocco.

The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, issued a private placement bond, denominated in dirham, in the local UAE capital markets. This pioneering issuance of AED 200 million (equivalent to c. US$ 54 million), was arranged by First Abu Dhabi Bank (FAB), the largest bank in the UAE, in partnership with Abu Dhabi Fund for Development (ADFD) - a leading national development finance institution.

The Eurasian Development Bank (EDB) has become a member of the Agricultural Public Development Bank Coalition (Agri-PDB), an international non-profit organization.

Olzhas Bektenov chaired a meeting of the Eurasian Development Bank’s (EDB) Council to review the Bank’s performance in 2024 and discuss current activities.

The Eurasian Development Bank has released its Macroeconomic Outlook for its seven member states – now including Uzbekistan, which became the seventh member. Bank analysts expect the region’s economic performance to remain robust in 2025. Projected GDP growth rates for that year are: Armenia 5.5%, Belarus 3.0%, Kazakhstan 5.5%, Kyrgyz Republic 10.3%, Russia 2.0%, Tajikistan 8.4% and Uzbekistan 6.5%.

The Eurasian Development Bank (EDB) international financial organization and RVB (Wildberries & Russ joint company) have signed a cooperation agreement aimed at implementing joint projects in the field of e-commerce and development of digital and logistics infrastructure in Eurasian countries.

A ceremony to launch the new process line at the Kant Cement Plant, the construction of which began in spring 2024, was held today in the Kyrgyz Republic. One year later, the plant begins operations on a renewed, environmentally friendly and energy-efficient platform

Stanislav Chuyev, Senior Analyst at the Centre for Industrial and Infrastructure Research of the Eurasian Development Bank (EDB), spoke at a seminar on sanitation issues in Central Asia, organised by the World Health Organisation (WHO). In his presentation, the expert emphasised the significant potential of international financial institutions (IFIs) to support the development of water supply and sanitation infrastructure in the region