News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) took part in the public-private partnership project to construct, operate, and manage Turkistan International Airport. The Bank’s delegation headed by Nikolai Podguzov, Chairman of the Management Board, attended the ceremony of airport opening by the First President of Kazakhstan Nursultan Nazarbayev

The Council of the Eurasian Fund for Stabilization and Development (EFSD) managed by the Eurasian Development Bank (EDB) approved the results of the second EFSD grant competition

The Eurasian Development Bank (EDB) took part in UNESCAP sessions on sustainable economic transformation for SDG attainment in North and Central Asia. Bank representatives joined expert groups to consider and discuss the ESCAP Subregional Office’s working papers prepared taking into account both long-term development goals and short-term COVID-19 related perspectives

The Eurasian Development Bank (EDB) extended KZT 10 billion to the Industry Development Fund (formerly BRK-Leasing, a subsidiary of the Development Bank of Kazakhstan, and part of the Baiterek National Managing Holding) to supply ambulances for Kazakhstan’s healthcare system. The funds were provided as part of the EDB’s support to combat the COVID-19 pandemic and its consequences in the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The agreement envisions the opening of two five-year loan facilities to purchase state-of-the-art vehicles made in Kazakhstan, which will be supplied to all regions of the country

The Ministry of Finance of Tajikistan and the Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), signed an agreement to extend a financial credit to Tajikistan from the EFSD to support the country’s budget amid the COVID-19 pandemic. The document was executed by Faiziddin Qahhorzoda, Minister of Finance of Tajikistan, and Andrey Shirokov, Acting Executive Director of the EFSD Project Unit

Representatives of the Eurasian Development Bank (EDB) and the Eurasian Fund for Stabilization and Development (EFSD) visited the Kulob Free Economic Zone (FEZ) in Tajikistan. Pasha Sadykhov, EDB Director for Tajikistan, and Masrur Nazriyev, EFSD Project Representative, met with Mustafo Abdullozoda, Head of the Kulob FEZ Administration, to discuss investment projects to construct new industrial enterprises in the Kulob FEZ using the existing tax and customs preferences

The competition for the best digital solutions to counter the spread and overcome the negative consequences of the COVID-19 pandemic arranged by the Eurasian Development Bank’s Digital Initiative Fund (EDB DIF), has already received 36 applications. Of these, one application is from Armenia, four from Belarus, twelve from Kazakhstan, eight from Kyrgyzstan, six from Russia, and five from Tajikistan

The Eurasian Development Bank (EDB) projects Belarus’s GDP to decline by 2.3% in 2020 and then recover over the next two years. This finding is presented in the Macroreview for Belarus prepared by the Directorate for Research at the Eurasian Development Bank (EDB)

The Eurasian Development Bank (EDB) and Altynalmas have successfully completed another stage of cooperation. Over the course of their long-term joint work, the organisations have implemented three investment projects aimed at developing gold mining in Kazakhstan, for a total of more than US $285 million