Almaty, 23 December 2013. Effective water management is one of the key conditions of sustainable use of water. For this reason all CIS countries have national administrative bodies to implement state policies in this area. At the same time, the shortages of water in some CIS regions are caused, to a significant extent, by the weak organisation of the use of water in industry and agriculture, the poor condition of the water management infrastructure and the low level of cooperation in transboundary river basins. These conclusions are made in Eurasian Development Bank’s (EDB) new report Enhancing Water Resources Management in CIS Countries: Modern Trends prepared by Vladimir Yasinsky, Alexander Mironenkov and Tulegen Sarsembekov
Almaty, 19 December 2013. Sergey Shatalov, Deputy Chairman of the Management Board at Eurasian Development Bank (EDB), is taking part in the G20 Seoul Conference. One of the central issues on the forum’s agenda is the strengthening of dialogue and cooperation between Regional Financial Arrangements (RFAs) and between RFAs and the IMF.
RFAs, also called “safety nets,” are intended to support the balances of payments and budgets of the member states and to help overcome the consequences of the crisis and to reform their economies in order to improve their sustainability. For this reason, the discussion of their role in the global financial architecture is of special interest to EDB, which is also acting as the Resources Manager of the EurAsEC Anti-Cricis Fund (ACF), one of these institutions.
At the conference Sergey Shatalov said, in particular, that economic unions should coordinate the economic policies of their member states using RFAs. He believes that RFAs should deal with crises caused not only by external shocks but by internal economic disproportions as well.
“If all member states of an economic union pursue a responsible macroeconomic policy and coordinate it effectively, the union has better prospects,” said he. “To this end an economic union should use its safety net and other tools to maintain a sustainable macroeconomic policy and to combine financial support and necessity in order to provide effective assistance to its member states in eliminating macroeconomic imbalances.”
Sergey Shatalov believes that the lack of effective instruments for the adjustment of macroeconomic policies makes economic unions weaker
The book analyses water policies in the CIS countries.
Almaty, 19 December 2013. Water resources, which had been deemed inexhaustible for a long time, have quickly become a category of resources, the shortage of which is becoming a serious obstacle to sustainable development in many regions of the world. The consumption of fresh water outpaces in terms of its scale and speed the use of any other resources on the globe and has a deep impact on natural processes and international relations in the basins of trans-boundary rivers. Access to water, in both qualitative and quantitative terms, determines the tone of interstate relationships and regional security. These conclusions are suggested in the new monograph, Managing Water Resources in the CIS Member States, written by Vladimir Yasinsky, Nadezhda Prokhorova, Alexander Mironenkov and Tulegen Sarsembekov.
This is another thematic publication issued by Eurasian Development Bank (EDB), which considers interstate cooperation and interaction in the basins of trans-boundary rivers as an important part of regional integration processes and investment activities in the CIS
Turkey is the leading recipient of investment in Eurasia, Italy in Europe and Vietnam in Asia.
St. Petersburg, 17 December 2013. Despite the global economic crisis, foreign direct investment (FDI) accumulated by the CIS four largest economies in Europe (outside the CIS) and East Asia has grown from US $25.8 billion to US $48.1 billion over
These figures are provided in the report titled Monitoring of Foreign Investment by Belarus, Kazakhstan, Russia and Ukraine in Eurasia (Eurasia FDI Monitoring) prepared by Eurasian Development Bank’s (EDB) Centre for Integration Studies. This pilot research is being fulfilled in cooperation with the Russian Academy of Sciences’ Institute of World Economy and International Relations (IMEMO) and covers all European countries, Turkey, China, Mongolia, Vietnam, Japan and both Koreas. The project is planned to expand its geography in the future
Almaty, 10 December 2013. Eurasian Development Bank (EDB) signed a five-year loan facility agreement with Bank BelVEB for US $7 million. The funds will be used to finance small and medium-sized businesses in Belarus and fulfil projects in the industrial, services and trade sectors
Almaty, 9 December 2013. Today Eurasian Development Bank (EDB) signed a US $5 million loan agreement with Halyk Bank Kyrgyzstan for three years to finance a microcredit programme in Kyrgyzstan.
The loan is provided in the framework of the EDB Programme for the Support of Microfinance by Means of the Provision of Targeted Loan Facilities to Financial Institutions
The pharmaceutical market of Belarus, Kazakhstan, and Russia is one of the most rapidly developing markets in the world. As of late 2012 the capacity of the three countries’ market stood at $32.4 million. The growth in 2011 and 2012 was 15.6% and 7% respectively, reads a survey published by the Eurasian Development Bank to highlight prospects of the development of the Single Economic Space pharmaceutical market