News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) and the Qazaq Green Renewable Energy Association (Qazaq Green) have signed a Memorandum of Cooperation to facilitate research and exchange information on renewable energy projects, among other initiatives. The document was signed by Azamat Tyuleubay, Senior Managing Director and Head of the EDB’s Project Division, and Nurlan Kapenov, Chairman of the Board of Directors at Qazaq Green

As of 20 December 2024, the “Work in the EAEU” mobile app, developed by the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives, has launched public and commercial services for migrant workers in Uzbekistan. This enables individuals seeking employment in Uzbekistan to access the necessary services directly from their smartphones.

The Eurasian Development Bank (EDB) has become an Associate Member of the Islamic Financial Services Board (IFSB) following the 45th Council Meeting hosted in Djibouti. The meeting, held on 22 December 2024, under the leadership of H.E. Ahmed Osman Ali, Governor of the Banque Centrale de Djibouti, marked a significant step forward in advancing Islamic financial services across member jurisdictions

The Eurasian Development Bank (EDB), represented by Ruslan Dalenov, Vice Chairman of the Management Board, and Karaganda Energotsentr, a 100% subsidiary of Kazakhstan Utility Systems, represented by Flyur Garipov, General Director, signed a 13-year, US $240 million long-term loan agreement to finance the modernisation and expansion of Karaganda Combined Heat and Power Plant 3 (CHPP-3).

The Eurasian Development Bank (EDB) has published its debut Sustainability Report, which uncovers its ESG performance, including data on corporate governance, management of sustainability issues, sustainable financing approaches and results, human resources management, and ethics and compliance activities for the reporting period from 1 January 2023 to 31 December 2023

Conrad Albrecht, Managing director of Directorate of Sustainability announced that the Eurasian Development Bank (EDB) starts reporting in compliance with ISSB standards S1, S2 and disclose its current advancing work regarding climate physical risks of investment portfolio, as well as to report on climate transition/technological risks, raising-up its bar even more in 2025. This announcement was made at the Green investment principles (GIP) working group seminar “Carbon Accounting and Reporting on Financed Emissions” on December 12th in Beijing

The total mutual investment stock in the Eurasian region amounted to $46.1 bln, which is 2% more than in 2022. A major share is provided by private companies (68% i.e. $31.2 bln as of mid-2024). The share of Central Asian countries in the structure of attracted mutual investments exceeded 50% and reached $23.4 bln.

The Eurasian Development Bank (EDB) has announced the results of its open creative media competition titled Eurasian Integration and Development in the 21st Century

The Eurasian Development Bank, the Ministry of Economy and Commerce and the Ministry of Energy of the Kyrgyz Republic have signed a trilateral Memorandum of Cooperation on the Suusamyr-Kokomeren HPP Cascade Project