News — The EDB Fund for Digital Initiatives

Nikolai Nikulin has been appointed as the Director of the Eurasian Development Bank’s (EDB) Representative Office in Dushanbe. In this position, he will arrange the financing of EDB investment projects in Tajikistan.

Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), said during his speech at a meeting of the Eurasian Economic Union’s (EAEU) Industrial Policy Council in Tashkent (Uzbekistan) that the Bank considered financing of EAEU interstate programmes as promising.

The Eurasian Development Bank (EDB) and Batys Transit have implemented their joint public-private partnership (PPP) projects. In particular, the project to construct street lighting systems in Atyrau  (Phases 2 and 3) has been completed. Financing was provided by the EDB and totalled KZT 8 billion. The PPP facilities have been commissioned and handed over to the public partner

The Eurasian Development Bank projects the aggregated GDP growth rate of its member countries at 3.3% in 2021, after a 3% decline in 2020. With progress in countering the pandemic, the easing of social distancing measures and favourable external economic conditions will be the key drivers of stronger consumer and investment demand. Most of the region’s economies will recover to pre-crisis levels by the end of 2021 and 2022. The EDB projects that the significant acceleration of inflation in the member states will be temporary, with inflation slowing down to an average of 4.5% year-on-year in the region by the end of 2021, from 6.3% year-on-year in February 2021. The risks according to the EDB’s projections remain high. Nevertheless, even with an unfavourable, prolonged pandemic, the Bank's member economies will be recovering in 2021.

Unemployment rates in most of the Bank’s member countries remained moderate in 2020 and showed signs of decline in late 2020 – early 2021. Government anti-crisis measures have helped a lot in stabilising the labour market

The Central Bank of Armenia joined the Eurasian Development Bank’s (EDB) settlement infrastructure and opened a correspondent account

On 10 March 2021, the Eurasian Development Bank (EDB), a leading multilateral development bank in the region, successfully placed a debut issue of five-year Eurobonds for a total of EUR 300 million, with a coupon of 1 per cent (yield to maturity 1.2 per cent)

Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), invited President of Tajikistan Emomali Rakhmon to lay the foundation stone of the inaugural school with instruction in Russian in April 2021. Nikolai Podguzov and Emomali Rakhmon met in Dushanbe as part of the EDB delegation’s visit to Tajikistan

ACRA has affirmed the Eurasian Development Bank’s (EDB) credit rating at A-, outlook Stable, on the international scale, AAA(RU), outlook Stable, on the national scale, and AAA(RU) for bond issues