News — The EDB Fund for Digital Initiatives

Nikolai Podguzov, Chairman of the Management Board at the Eurasian Development Bank (EDB), met with Almaz Baketaev, Minister of Finance and Plenipotentiary Representative of the Kyrgyz Republic in the EDB Council. The Chairman of the EDB Management Board noted that the Bank’s investment portfolio in the Kyrgyz Republic demonstrated significant growth in 2023.

The Eurasian Development Bank (EDB) has decided to allocate funds to help eliminate the consequences of the massive floods in several regions of Kazakhstan; this year's floods became the largest natural disaster in the country over the past 80 years.

Svetlana Maslova, Director for PPP Projects at the EDB, participated in the 8th UNECE International Public-Private Partnerships Forum held in Istanbul from 8 to 10 May 2024.

The Eurasian Development Bank (EDB) delegation, led by Senior Managing Director Denis Ilin, participated in the Annual Meeting of the Asian Development Bank (ADB), which took place from May 2 to May 5 in Tbilisi, Georgia.

Members of the Eurasian Development Bank (EDB) delegation – Ruslan Dalenov (Deputy Chairman of the EDB Management Board), Azamat Tyuleubay (Managing Director – Head of the Energy Directorate), Nurym Ayazbayev (Director of the Energy Directorate), as well as Vladimir Pereboev (Head of the International Cooperation and Promising Areas of Integration Division) – took part in the Annual Meeting of the Islamic Development Bank (IDB) held from April 27 to April 30 in Riyadh (Saudi Arabia) under the patronage of Custodian of Two Holy Mosques, King Salman bin Abdulaziz Al Saud.

Denis Ilin, Senior Managing Director at the Eurasian Development Bank (EDB), met with Ms. Armida Salsiah Alisjahbana, Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), at the 80th session of the UN Economic and Social Commission that took place on April 22-26 in Bangkok, Thailand.

Denis Ilin, Senior Managing Director at the Eurasian Development Bank (EDB), delivered a speech at the 80th session of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), held from 22 to 26 April in Bangkok, Thailand. During his presentation, Denis Ilin emphasised the importance of digital innovation in driving the sustainable development of Central Asian countries.

The petrochemical industry is a high-tech sector with a significant multiplier effect. It produces four out of every five items commonly used by people today. Currently, the industry is undergoing global structural changes, presenting significant opportunities for Eurasian economies. The Bank’s latest report titled Eurasian Petrochemical Industry: Opportunities for Deeper Processing outlines blocks of priority measures to unlock available potential. These include a clustering policy, additional focus on low-tonnage petrochemical production, and the implementation of circular production mechanisms. Unleashing the Eurasian region’s potential will make the petrochemical industry an effective way to address “path dependence” by enhancing process stages, promoting technological advancements and securing a foothold in the global division of labour.

The Eurasian Development Bank (EDB) will hold its Business Forum and Annual Meeting on the 27th and 28th of June 2024 in Almaty, Kazakhstan. Invited attendees include representatives of multilateral development banks (MDBs), international organisations, governments, businesses, research institutions and academia.