News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) will consider large-scale projects in Russia’s Alabuga Special Economic Zone, including financing of infrastructure and social facilities. The sides will also work to attract new residents to the zone, with a possibility to finance their projects with the EDB’s resources. This understanding resulted from a visit to Alaguba of the Bank’s delegation led by Sergey Ignatov, Head of the Directorate for Industry

On 20 October 2021, the Eurasian Development Bank (EDB), together with other arranging banks, successfully listed the State Transport Leasing Company’s (GTLK) seven-year Eurobonds for a total of US $600 million, with a yield of 4.35% per annum, on the Vienna Stock Exchange. Investor demand amounted to nearly US $2 billion, exceeding the offering by more than three times. The investors include Russian and international financial market participants such as banks, investment and insurance companies, hedge funds, and companies managing pension accruals from Asian countries, as well as Austria, the U.K., Germany, and Switzerland

The Eurasian Development Bank’s (EDB) Fund for Digital Initiatives has added new functions to the COVID-19-Free Travel app. It is now possible for those vaccinated in Belarus and those who have recovered from COVID-19 in Armenia to upload their status

The number of users of the COVID-19 Free Travel app developed by the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives has exceeded 1 million. The app has already been used to cross borders around 1.7 million times. Tigran Sargsyan, Vice Chairman of the EDB Management Board, reported this at a press conference at the Sputnik News Agency

Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, took part in a videoconference of the Supreme Eurasian Economic Council

Alexander Petrov, Director of the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives Fund, took part in a forum on digital transformations in the manufacturing, fuel and energy, and petrochemical complexes of Belarus

The Eurasian Development Bank (EDB) and the Ural Mining and Metallurgical Company (UMMC) signed a memorandum expanding their cooperation. The document establishes a partnership in financing the investment programme of UMMC and its subsidiaries in EDB member states with a focus on ESG activities aimed at promoting sustainable development and support for the group’s foreign trade operations in the EAEU+ region

The Eurasian Development Bank (EDB) extended RUB 3 billion to the Ural Mining and Metallurgical Company (UMMC) as part of a syndicated loan arranged by ROSBANK

The Eurasian Development Bank (EDB) has approved its new Green and Social Debt Instruments Framework. The document has been designed to ensure the implementation of sustainable development projects