News — The EDB Fund for Digital Initiatives

A delegation of the Eurasian Development Bank (EDB), headed by Conrad Albrecht, Managing Director and Head of the Sustainable Development Directorate, attended the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) in Baku, Azerbaijan. A key topic in 2024 was the issue of climate finance. The EDB participates in the Conference on a permanent basis, and since this year in the new Observer status of to the UNFCCC

The Eurasian Development Bank (EDB) and the Islamic Development Bank Institute (IsDB) and the London Stock Exchange Group (LSEG), in the spirit of promoting Islamic Finance in Central Asia, have held a panel discussion, “Bridging the Capital Road: CIS & GCC,” as part of the Islamic Banking program at Abu Dhabi Finance Week (ADFW).

One of the key speakers at the strategic session held on December 3, 2024, and dedicated to the 10th anniversary of the Russian-Kyrgyz Development Fund (RKDF), was Alexey Kuznetsov, Head of Research Department at the Eurasian Development Bank (EDB), who presented the results of the joint EDB and RKDF's analytical study titled Non-Sovereign Financing by International Financial Institutions in the Kyrgyz Republic: Role of the Russian-Kyrgyz Development Fund

The Eurasian Development Bank (EDB) has developed a non-sovereign financing database to track investments by international financial institutions (IFIs) in Eurasian countries.

The Eurasian Development Bank (EDB) and the Cabinet of Ministers of the Kyrgyz Republic have signed an agreement on the provision of technical assistance for the Bishkek—Kuntuu—Belogorka—Suusamyr Highway Construction project.

The Eurasian Development Bank (EDB) and Eurasian Logistics Park LLP have signed a loan agreement for the construction of a Class A industrial and logistics complex in the Almaty region of the Republic of Kazakhstan. The loan amounts to 16.6 bln tenge.

The Eurasian Development Bank has published its Macroeconomic Outlook for six member states. The Bank’s analysts expect GDP growth rates in the region to gradually recover to their equilibrium levels. GDP growth in 2025 is projected to be 5.5% in Armenia, 2.6% in Belarus, 5.5% in Kazakhstan, 8.7% in Kyrgyzstan, 2.4% in Russia, and 8.4% in Tajikistan.

Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board, held a press conference announcing the achievements of the EDB Fund for Digital Initiatives over the past year and announced the launch of another Digital Project Competition by the Fund