News — The EDB Fund for Digital Initiatives

Four top managers of the Eurasian Development Bank (EDB) were included in the 22nd annual Top 1000 Russian Managers ranking compiled by the Managers Association and Kommersant Publishing House

The Eurasian Development Bank (EDB) intends to support green power generation projects with a total capacity of 500 MW by 2024. Financing will total US $600 million. Alexander Gareyev, Managing Director and Head of the EDB Directorate for Energy, said this at Kommersant’s Energy of Russia: New Cycle – New Transformation conference. The EDB was a partner of the event

Moody’s Investors Service (“Moody’s”) has assigned a rating of Baa1 to the Eurasian Development Bank’s first green bond issuance. On 21 September, the EDB has successfully listed its three-year Kazakhstani tenge-denominated securities for a total of KZT 20 billion, with a coupon of 10.5%, on Kazakhstan Stock Exchange (KASE)

The Eurasian Development Bank (EDB) has successfully placed a three-year green bond issue denominated in the tenge for a total of KZT 20 billion, with a coupon of 10.5%, on Kazakhstan Stock Exchange (KASE)

The Eurasian Development Bank (EDB) has published its regular Macroeconomic Review with updated projections for the economic development of the Bank’s region of operations in 2021–2022. EDB analysts note that the Bank’s member economies have largely completed recovery from the 2020 downturn. As a result, economic growth rates have begun to shift towards moderate levels. In the baseline scenario, the EDB projects the region’s GDP to grow by 2.4% in 2021 and 2.8% in 2022. The analysts note that high inflationary pressures will persist. These are expected to ease as the strongest phase of the recovery in economic activity is completed and commodity prices stabilise. The EDB’s projections suggest that inflation in the Bank’s member states will slow from 7.4% in August to 6.8% by the end of 2021 and approach target levels during 2022

The Eurasian Development Bank (EDB) does not expect excessive inflation at the global level. Evgeny Vinokurov, Chief Economist at the EDB and the Eurasian Fund for Stabilization and Development (EFSD), stated this at the IV Stolypin Forum

The Eurasian Development Bank (EDB) is stepping up its efforts to develop cross-border transport corridors. Sergey Vasiliev, Vice Chairman of the EDB Management Board, said this in Tashkent (Uzbekistan) at the session on linking landlocked countries to global markets held as part of the Islamic Development Bank’s Annual Meetings

The Eurasian Development Bank (EDB) has won the prestigious international Environmental Finance's 2021 IMPACT Award in the energy category. The winning project is Atyrau street lighting (Kazakhstan)

The Eurasian Development Bank (EDB) and Gazprombank agreed to develop cooperation on banking support for contracts when implementing projects in the EDB member states. The memorandum was signed on the sidelines of the Eastern Economic Forum by Tigran Sargsyan, Vice Chairman of the EDB Management Board, and Oleg Melnikov, Executive Vice-President and Head of the Department of Banking Support for Contracts at Gazprombank