News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) received an ADFIAP Sustainable Award in the Technology Development category for its COVID-19-Free Travel app. The award ceremony took place on the sidelines of the Annual Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in Manila, Philippines

Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, and Shixin Chen, Vice President of the Asian Development Bank (ADB), met in Manila, Philippines, to discuss cooperation between the two international financial institutions. The meeting took place on the sidelines of the 45th Annual Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

The International North–South Transport Corridor (INSTC) becomes increasingly important as some EAEU countries reorientate their foreign trade and develop “new logistics.” For this reason, the Caspian countries are seeking to boost investment in the corridor’s transport infrastructure. EDB experts estimate that more than 100 projects are being planned for implementation before 2030. At the same time, over 40 non-tariff and other barriers impede the effective functioning of the corridor. A new EDB study provides recommendations on how to improve soft infrastructure, including the creation of an enabling environment for international freight transport, the harmonisation of border crossing procedures, and the introduction of a coordination mechanism for managing the INSTC

The Eurasian Economic Union’s (EAEU) countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – need to jointly and cooperatively regulate artificial intelligence. Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board and supervisor of the EDB Fund for Digital Initiatives, said this at the 7th Research-to-Practice Conference of Russian Analysts. The event took place at the Russian Academy of Sciences’ Institute of Scientific Information for Social Sciences (INION RAN)

Technical assistance provided by multilateral development banks could significantly help to achieve the UN Sustainable Development Goal 9 in Central Asia – building resilient infrastructure and promoting inclusive and sustainable industrialisation and innovation. Anna-Maria Chkoniya, Coordinator of the Eurasian Development Bank’s Technical Assistance Fund (EDB TAF), stated this at the Sixth North and Central Asia Multi-Stakeholder Forum on Implementation of the Sustainable Development Goals

The Eurasian Development Bank (EDB) will support the development of public-private partnerships (PPPs) in the Kyrgyz Republic. The Bank is ready to consider and finance new projects that use PPP mechanisms. The EDB and the PPP Centre of the National Investment Agency under the President of the Kyrgyz Republic made a relevant memorandum on the sidelines of the International PPP Conference in Bishkek

The Eurasian Development Bank (EDB) presented preliminary results of its study entitled The International North-South Transport Corridor: Investment Solutions and Eliminating Barriers to Effective Development at the Second Caspian Economic Forum in Moscow. Alexander Zaboyev, Head of the EDB Centre for Integration Studies, made a presentation at the round table on Cooperation in Transport and Logistics

The Eurasian Development Bank (EDB), a leading international development bank in Eurasia, has paid in full the principal and accrued coupon under its ten-year US $500 million EMTN Eurobonds due on 20 September 2022 (ISIN XS0831571434 / US29843YAB11)

The Eurasian Development Bank’s (EDB) analysts presented the latest issue of the Macroeconomic Review for the Bank’s six member states. The Macroeconomic Review is a regular publication by the EDB, which provides a snapshot of the macroeconomic situation in its member countries and assesses short-term developments. The review also contains detailed statistical information on key macroeconomic indicators