Moscow, 13 March 2014. Asian Development Bank (ADB) has acknowledged the significant progress achieved in co-financing the Bishkek-Osh Road Rehabilitation Project, Phase IV in the Kyrgyz Republic together with Eurasian Development Bank (EDB) in its capacity of the Resources Manager of the EurAsEC Anti-Crisis Fund (ACF). This is one of the outcomes of the discussion between Alexei Cherekaev, Head of the Project Group, ACF Department, EDB, and members of ADB’s Board of Directors, Governors, and Project Managers. The discussion was held in Manila in the framework of the Annual Meeting of donors engaged in ADB-financed projects
Moscow, 7 March 2014. The feasibility study for the Project “Construction of the North-South Road Transport Corridor” (Phase 4) will be completed at end-April 2014. That was announced by Armenia’s representatives during the meeting held the day before at Eurasian Development Bank (EDB). The project in the amount of US $100 million is being prepared by EDB in its capacity of the Resources Manager of the EurAsEC Anti-Crisis Fund (ACF) and in cooperation with Asian Development Bank (ADB)
Almaty, 6 March 2014. Multilateral development banks (MDB) can play an important role in the advancement of foreign trade of their member states. Dmitry Krasilnikov, Deputy Chairman of the Management Board at Eurasian Development Bank (EDB), stated this today at the roundtable titled Financial Instruments to Support Foreign Trade of the Member States of the Customs Union and Neighbouring States at the Russian Chamber of Commerce and Industry
Moscow, 5 March 2014. A pool of applications from farms for agricultural equipment, which will be supplied to Kyrgyzstan under the investment project funded by the EurAsEC Anti-Crisis Fund (ACF), should be begun to be formed. Alexei Cherekayev, head of Eurasian Development Bank’s (EDB) Department for ACF Operations, stated this today at the meeting with Kyrgyz Minister of Agriculture and Land Improvement Taalaibek Aidaraliyev
Almaty, 28 February 2014. Insufficient investment and human capital erosion are common problems in the post-Soviet countries. Vladimir Yasinsky, Member of the Management Board at Eurasian Development Bank (EDB) and Managing Director for Research, stated this today at the World Bank’s session titled Diversified Development: Making the Most of Natural Resources in Eurasia at the Krasnoyarsk Economic Forum.
“Creating effective instruments is the most difficult challenge in the process of transition from one economic system to another,” said Vladimir Yasinsky. “For post-Soviet countries this process is complicated by the fact that it needs to be done in a historically short period.”
According to Mr Yasinsky, “these problems and their possible solutions should not hinder the efforts our countries make to diversify their economies by stimulating sectors that generate high added value; however market signals should not be distorted at the same time”
Almaty, 26 February 2014. Eurasian Development Bank received an award from the European Business Association of Kazakhstan (EUROBAK) for its annual environmental initiative — the EDB Ecological Patrol. The award in the Environmental Protection section was given to Oksana Petrenko, Deputy Director of Human Resources, at a ceremony which took place in Almaty last Friday. During the ceremony EUROBAK announced the winners of its project — companies and organisations with a proactive position toward corporate social responsibility
Almaty, 11 February 2014. The World Bank (WB), in cooperation with Eurasian Development Bank (EDB), published the report titled Diversified Development: Making the Most of Natural Resources in Eurasia
Almaty, 7 February 2014. Eurasian Development Bank (EDB) and the KAZLOGISTICS Transport Union of Kazakhstan executed today a memorandum of understanding and cooperation. The document was signed by Kanat Dosmukametov, Deputy Chairman of the Management Board at EDB, and Yerkhat Iskaliyev, General Director of KAZLOGISTICS
WASHINGTON, February 3, 2014 — Having natural resources does not have to be a curse, it can be a blessing if the countries ensure proper management of revenues from natural resources, invest earnings in building up physical and human capital, and improve institutions, says the World Bank’s newly-released report «Diversified Development: Making the Most of Natural Resources in Eurasia». The report has been produced in partnership with the Eurasian Development Bank