Ben Aris in Moscow
Emerging markets have been inexorably linked to development banks over the last few decades. International financial institutions (IFIs) were a font of both advice and funds in the lean years, but as more and more of the emerging markets are now standing solidly on their own feet, they have been setting up their own development banks and taking over the job of investing into infrastructure or building institutions
Moscow, 4 April 2013. On 2-3 April 2013 Eurasian Development Bank’s (EDB) delegation took part in a top-level seminar on public debt management. The event was arranged in the framework of the Russian presidency of the G20.
In accordance with the G20 procedures, Russia has determined a range of key issues which are of crucial for the sustainable post-crisis recovery of the global economy and are being collectively worked on by the G20 members. These include the improvement of public debt management and the role of regional financial mechanisms such as the EurAsEC Anti-Crisis Fund, as well as the promotion of long-term investment on the global scale
Almaty, 4 April 2013. Eurasian Development Bank’s (EDB) delegation headed by Gennady Zhuzhlev, Deputy Chairman of the Management Board, is taking part in the first All-Russian Development Institutions Forum, which opened today in Yekaterinburg. The event has been organised by the Middle Ural Development Corporation and the Agency for Strategic Initiatives. EDB is the official partner of the conference
Almaty, 3 April 2013. Murodali Alimardon, Vice Prime Minister of Tajikistan, has sent a message to Igor Finogenov, Chairman of the Management Board at Eurasian Development Bank (EDB), expressing his appreciation to the head of EDB «for fruitful work on the enhancement and consolidation of cooperation between Eurasian Development Bank and the Republic of Tajikistan»
Astana, 2 April 2013. Today Eurasian Development Bank (EDB) and Transtelecom, a subsidiary of Kazakhstan Temir Zholy (KTZ), signed a loan agreement pursuant to which EDB will finance an investment project titled Energodispetcherksaya Tyagi in Russian
Almaty, 1 April 2013. A common trend in the economic development in the CIS region in 2012 was a reduction in investment demand and a slowdown in export orientated sectors. This conclusion is made in the new issue of The CIS Macromonitor published by the Research Department of Eurasian Development Bank (EDB). The growth in almost all CIS economies was driven by consumer demand and the sectors servicing it, primarily the trade and services sector
Almaty, 28 March 2013. - Igor Finogenov spoke today in Almaty at the prominent international conference The Experience in and the Problems of Investment, Financial and Banking Support to the Activities of Industrialists and Entrepreneurs in the Eurasian Economic Space. The head of EDB told about mutual investments between the CIS countries and Georgia and the Bank’s experience in promoting this type of investment in Eurasia
Almaty, 28 March 2013. The first two tug boats floated out today in Astrakhan. The vessels were ordered by OMS SHIPPING from the Astrakhan Shipbuilding Production Association (ASPA) in the framework of Eurasian Development Bank’s (EDB) project to set up a fleet for the support of marine operations in the Caspian Sea. Marat Jaukenov and Kanat Dosmukametov, Deputy Chairmen of the EDB Management Board, took part in the opening ceremony. The ASPA will manufacture a total of five such vessels
Almaty, 26 March 2013. Eurasian Development Bank (EDB) continues to fulfil its programme providing pre-export finance for large uranium supplies from Kazakhstan to Russia. This is envisaged by an agreement signed between EDB and Zarechnoye JV, a uranium ore producer in South Kazakhstan Region.
In accordance with the agreement the Bank will lend the company US $20 million for three years. The borrower will use the money to pay for the services and materials necessary to produce and export uranium