News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) and the Development Bank of Kazakhstan (DBK) signed a loan agreement for the EDB to open a seven-year RUB 5.724 billion loan facility for the DBK. The signing ceremony took place in the sidelines of the First Eurasian Congress hosted by the EDB

The Eurasian Development Bank (EDB), the KazakhExport Export Insurance Company, and Cool Infinity entered into a memorandum of cooperation to insure and finance Cool Infinity’s exports of railway wagons from Kazakhstan. The signing ceremony took place in the sidelines of the First Eurasian Congress. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, Ruslan Iskakov, Chairman of the Management Board of KazakhExport, and Valentin Kargin, General Director of Cool Infinity

The Eurasian Development Bank (EDB), VEB.RF, the Development Bank of Kazakhstan (DBK), and the Development Bank of the Republic of Belarus (DBRB) signed a memorandum of cooperation to promote integration between the countries of the Eurasian Economic Union (EAEU). The signing ceremony took place in the sidelines of the First Eurasian Congress hosted by the EDB. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, Igor Shuvalov, Chairman of the Management Board of VEB.RF, Abay Sarkulov, Chairman of the Management Board of the DBK, and Andrey Zhishkevich, Chairman of the Management Board of the DBRB

The Eurasian Development Bank (EDB) and Rosseti made a strategic cooperation agreement at the First Eurasian Congress. The document was signed by Amangeldy Issenov, Deputy Chairman of the EDB Management Board, and Alexander Zaragatsky, Deputy Director General of Rosseti

Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), Hayk Karapetyan, Chief Executive Officer of HayPost (Armenia’s postal operator), Svetlana Yurkevich, General Director of Belpochta (Belarus’s postal operator), Damir Monoldorov, General Director of Kyrgyz Post (Kyrgyz Republic’s postal operator), and Maxim Akimov, General Director of Russian Post (Russia’s postal operator) signed a cooperation agreement at the First Eurasian Congress

The Eurasian Development Bank (EDB) has successfully placed its debut 12-month bond issue for a total of US $100 million on the Astana International Exchange (AIX). The underwriter is First Heartland Securities

The Travelling without COVID app developed by the Digital Initiative Fund of the Eurasian Development Bank (EDB DIF) was successfully tested today. Participants in the First Eurasian Congress from Yerevan and Minsk crossed the Russian Federation border at Moscow’s Sheremetyevo International Airport with the help of the app

The Digital Initiative Fund of the Eurasian Development Bank (EDB DIF) has announced the results of the competition for the best digital solutions to counter the spread and overcome the negative consequences of the COVID-19 pandemic

What is a “safe” and optimal debt level? How does rising debt affect economic growth? The COVID-19 pandemic has forced countries around the world to reconsider these issues facing the reality wherein the budgetary stimulus accompanied by government debt accumulation became principal instruments used to curtail shocks. The current EFSD Working Paper “Optimal Debt and the Quality of Institutions” indicates that, in countries with strong institutions, the debt threshold is above 55% of GDP, while economies with weaker political institutions feature a 37-38% debt-to-GDP threshold. Hence, the quality of institutions is one of the key factors for economic and debt sustainability and an efficient debt policy