News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) presented its 2022–2026 Country Strategy for Tajikistan. The event brought together representatives of Tajikistan’s ministries and agencies, heads of offices of international organisations, as well as heads and staff of diplomatic missions

The Eurasian Development Bank (EDB) will provide US $2.6 million to support micro and small-sized enterprises in Tajikistan. Funds to develop private businesses in manufacturing, agriculture, trade and services will be made available to borrowers through IMON INTERNATIONAL. The relevant agreement was signed by Ruslan Dalenov, Vice Chairman of the EDB Management Board, and Andrey Palka, Chairman of the Management Board at IMON INTERNATIONAL. The signing took place during presentation of the EDB 2022–2026 Country Strategy for Tajikistan

The Eurasian Development Bank (EDB) intends to provide up to US $3.5 million to Gayur Korea Technology to finance the establishment of LED production facilities in Tajikistan. The relevant memorandum was signed by Ruslan Dalenov, Vice Chairman of the EDB Management Board, and Akbar Asadullo, Chairman of the Board of Directors at the Gayur Group. The signing took place during presentation of the Bank’s 2022–2026 Country Strategy for Tajikistan

The EDB has published its Macroeconomic Outlook for the Bank's six member states for 2023. Bank analysts expect the region’s economies to continue adapting to the new environment. In terms of economic developments in 2023, Russia’s GDP is projected to decline by 2% while the other countries will see growth in their GDPs: Armenia by 4.2%, Belarus by 0.3%, Kazakhstan by 4.2%, Kyrgyzstan by 3.5%, and Tajikistan by 6.5%

The optimal scenario for developing Central Asia’s energy system, as proposed by the Eurasian Development Bank (EDB), would reduce investment needs in the region’s water and energy complex by US $11 billion, slow increases in the average tariffs for consumers from 50 to 35 per cent, and reduce installed capacity needs from 84.0 GW to 74.8 GW, said Alexander Gareyev, Managing Director and Head of the EDB Directorate for Energy, at the Second Almaty Energy Forum

A new report by the Eurasian Development Bank (EDB, the Bank) focuses on structural changes in Central Asian economies. Over the past 20 years, Central Asian countries’ GDP has grown more than sevenfold, and at an average rate of 6.2%, which is faster than in developing countries and more than twice as fast as the world as a whole. Central Asia’s strategic role in wider Eurasia will increase, as will its importance to its immediate neighbours and key economic partners, Russia and China. The region’s countries have a historic opportunity to take advantage of their transit potential and to approach external markets through their emerging international transport corridors. Coordinated development of the water and energy complex, including green energy, also present significant opportunities for growth. Integration initiatives have significant potential to stimulate economic growth, with infrastructure integration being especially important

Сonrad Albrecht, a global leading expert in sustainability, has joined the Eurasian Development Bank (EDB) as Managing Director of the Directorate for Sustainability

Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, and Shri Ramesh, Deputy Managing Director of India Exim Bank, met on the sidelines of the 45th Annual Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

As proposed by the Eurasian Development Bank (EDB), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) will host its next Annual Meeting in Kazakhstan. The event will take place on 17–18 May 2023 in Almaty