News — The EDB Fund for Digital Initiatives

Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board, spoke at the Digital Sovereignty session of the Eastern Economic Forum taking place in Vladivostok

The Eurasian Development Bank’s (EDB) Fund for Digital Initiatives and the Directorate for International Transport Corridors (DITC) of the Russian Ministry of Transport plan to set up and develop an ecosystem of digital transport corridors in the Eurasian Economic Union (EAEU). The memorandum was signed on the sidelines of the Eastern Economic Forum by Tigran Sargsyan, Vice Chairman of the EDB Management Board, and Alexey Petrov, CEO of DITC

Laboratories in Azerbaijan and Moldova have joined the COVID-19 Free Travel app. PCR tests for the QR code are already available at 30 testing sites in Azerbaijan and 5 in Moldova. A detailed and up-to-date list of nearby testing sites and labs is available in the app

ACRA affirmed the Eurasian Development Bank’s (EDB) credit rating at A- with stable outlook on the international scale, AAA(RU) with stable outlook on the national scale, and issue ratings at AAA(RU)

The Ministry of Agriculture, Water Resources and Regional Development of the Kyrgyz Republic has joined the Eurasian Development Bank’s (EDB) work to shape the concept of the Eurasian commodity distribution system. The relevant memorandum was signed on the sidelines of the Eurasian Intergovernmental Council meeting in Cholpon-Ata by Nikolai Podguzov, Chairman of the EDB Management Board, and Askarbek Janybekov, the Kyrgyz Republic’s Minister of Agriculture.
The parties have also agreed to provide the assistance needed to achieve the goals of mutually beneficial cooperation

The Eurasian Development Bank (EDB) published The EDB Macroeconomic Review. August 2021. This is an intermediate online publication between the two forecasts circulated in June and September. The review monitors current macroeconomic developments in the EDB member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan

Tajikistan has received two medical road trains as part of the Caravan of Health project financed by a grant from the Eurasian Fund for Stabilization and Development (EFSD) managed by the Eurasian Development Bank (EDB). The EFSD has extended US $2 million for the project

The Eurasian Development Bank (EDB) has extended a RUB 3.3 billion credit facility to the Food Contract Corporation National Company (Kazakhstan) to finance the purchase of agricultural products. The first tranche of RUB 1.8 billion has already been disbursed

The Eurasian Development Bank’s analysts have conducted a detailed study of investments in the water and energy complex of Central Asia. For three decades, regional cooperation has been weakening as the countries pursued energy self-sufficiency policies. At the same time, the aggregate energy capacity of the Central Asian countries increased from 42.2 GW in 1992 to 53.8 GW in 2020. The investment proposals identified in the energy segment of the Central Asian water and energy complex still follow that policy. In the water segment, developments in Central Asia are taking place in the context of depleting water resources and limited investment. The most important source of finance for public initiatives in the water and energy complex are multilateral financial institutions, which are currently implementing 104 projects worth US $10.2 billion. The structure of the investment portfolio in the Central Asian water and energy complex is suboptimal because of uncoordinated development of water and energy complex. Promoting cooperation in the water and energy complex of Central Asia would improve the region’s water and energy balance and optimise the amount and structure of investments