News — The EDB Fund for Digital Initiatives

Fitch Ratings has affirmed the Eurasian Development Bank’s (EDB) long-term rating at ‘BBB+.’ The outlook is stable

The EDB has published its macroeconomic outlook for the Bank's region of operations for 2022. EDB analysts note that the active phase of the region’s economic recovery will complete this year, which is expected to result in a 4% increase in the countries’ aggregate GDP. In 2022, economic growth in the Bank’s member states will remain above the pre-pandemic levels and is projected at 2.9%. Government measures to support investment, facilitate recovery in services, and boost oil production will help to maintain the strong growth momentum

Russia is the largest exporter of direct investments in the post-Soviet area while Kazakhstan and Uzbekistan are the largest recipients of FDI from post-Soviet countries. Private investors account for 55% of mutual FDI stock in the EAEU. Investments in knowledge-intensive sectors and greenfield projects are growing at a high rate in the EAEU. This indicates an intensification in technology transfer and the modernisation of the Union's economies

The Eurasian Development Bank (EDB) stands ready to become a full-fledged partner of the Central Asia Regional Economic Cooperation (CAREC) Programme. Sergey Vasiliev, Vice Chairman of the EDB Management Board, stated this at the 20th CAREC Ministerial Conference on Connectivity, Cooperation and Resilience in a Digital Era

The Second Eurasian Congress will take place in VDNH Pavilion 57 in Moscow on 2 December 2021. The event is hosted by the Eurasian Development Bank (EDB) with support from the Government of the Russian Federation

The Eurasian Development Bank (EDB) has successfully placed its debut three-year social bonds for a total of KZT 20 billion, with a coupon of 10.6%. The issue was offered on Kazakhstan Stock Exchange (KASE) and Astana International Exchange (AIX). Investor demand on both exchanges totalled KZT 30 billion. The arranger of the issue is Halyk Global Markets (a subsidiary of the Halyk Group)

EAEU+ smaller economies, which include some of the member states of the Eurasian Development Bank (EDB), will not be able to implement digital transformation outside of the union. Failure to keep up with integration processes might result in the loss of their sovereignty. Tigran Sargsyan, Vice Chairman of the EDB Management Board, stated this at the plenary session of the 9th Eurasian Economic Perspective International Forum in St. Petersburg

The Eurasian Development Bank (EDB) signed a memorandum of understanding with the Novostal-M Holding and the AIFC Green Finance Centre to implement joint sustainable development and green finance initiatives. The signing took place as part of Novostal-M’s visit to Kazakhstan arranged by the EDB and the AIFC Green Finance Centre. Novostal-M’s delegation was headed by Ivan Demchenko, Chairman of the holding’s Management Board

Today, the President of Kazakhstan Kassym-Jomart Tokayev received the head of the Eurasian Development Bank (EDB) Nikolai Podguzov. The head of the EDB said that, over the next five years, the Bank plans to provide US $3.8 billion for projects in Kazakhstan – this is the amount invested by the Bank over 15 years of its operations