News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) took part in a US $30 million syndicated loan to Sovcombank (Russia)

The Eurasian Development Bank (EDB) has co-arranged a placement of rouble-denominated sovereign bonds of Kazakhstan’s Ministry of Finance on the Moscow Exchange and Astana International Exchange Limited (AIX). The offering totalled RUB 40 billion, with maturities of five, seven, and ten years. The other arrangers are VTB Capital, Gazprombank, Moscow Credit Bank, Sberbank CIB, and First Heartland Securities

The Eurasian Development Bank’s (EDB) Fund for Digital Initiatives is interested in partnering with market leaders to implement a Eurasian tourism platform. Yulia Chalaya, a representative of the Fund, stated this at the Puteshestvui (Travel) Russian Tourism Forum

The EDB has launched an applied study to inform a draft concept of the Eurasian commodity distribution system, said Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, at a plenary session of the 33rd Foreign Investors’ Council (FIC) chaired by the President of Kazakhstan. The head of the EDB also spoke about the impact of the coronavirus pandemic on key sectors of the economy. He noted the resilience of the agricultural sector and good prospects for the global food trade

Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), took part in the panel discussion titled Russia in the Race for Top Global Managerial Talent with the mentors of the Leaders of Russia competition, a flagship project of the Russia – the Country of Opportunities presidential platform, during the St. Petersburg International Economic Forum

The Eurasian Development Bank (EDB) and the ACRA rating agency signed a memorandum of cooperation aimed at promoting economic growth in the member states of the Eurasian Economic Union (EAEU). The document was signed during the St. Petersburg International Economic Forum by Mikhail Sukhov, CEO of ACRA, and Nikolai Podguzov, Chairman of the EDB Management Board

The Eurasian Development Bank (EDB) has confirmed its readiness to finance the reconstruction and expansion of the Astrakhan–Mangyshlak water pipeline. The agreement was signed by Amangeldy Issenov, Vice Chairman of the EDB Management Board, Daniyar Berlibayev, Deputy Chairman of the Management Board of KazMunayGas, and Zhaiyk Makhin, Deputy General Director of KazTransOil. Earlier, President Kassym-Jomart Tokayev had instructed the government to reconstruct the pipeline

The Eurasian Development Bank (EDB) and Eurasian Resources Group (ERG) signed a memorandum of cooperation during the St. Petersburg International Economic Forum. Under the memorandum, the EDB will consider extending a credit facility to Sokolov-Sarbai Mining Production Association (SSGPO) for pre-export financing and to finance the company’s investment programme

The Eurasian Development Bank (EDB), together with a syndicate of banks, intends to finance through the provision of equity financing the construction of a part of the Europe–Western China transport corridor – the Togliatti bypass (Russia) with a bridge over the Volga River. The agreement was signed during the St. Petersburg International Economic Forum by Nikolai Podguzov, Chairman of the EDB Management Board, and Alexey Andreev, Director General of DSK AVTOBAN