12 August 2020
AIFC Green Finance Centre, Ltd. whose shareholders are the Eurasian Development Bank (EDB) and the Astana International Financial Centre Authority, arranged the first issue of the Damu Entrepreneurship Development Fund’s green bonds in Kazakhstan and Central Asia for a total of KZT 200 million. The issue was offered through the Astana International Financial Centre’s (AIFC) stock exchange, with a coupon of 11.75% and three-year maturity. AIFC Green Finance Center, Ltd. has provided a second party opinion, according to which the issuer will use the proceeds from the issue and disclose information about their intended use in line with the international Green Bond Principles
11 August 2020
One of the breakthrough areas in Kazakhstan’s foreign trade policy in the past year was the expansion of regional trade through deeper integration with other Central Asian countries, including Uzbekistan whose economy had become significantly more open compared to previous years. This finding is presented in the report entitled Main Tendencies in Kazakhstan’s Integration Development in 2019 prepared by the Eurasian Development Bank’s (EDB) Centre for Integration Studies
07 August 2020
The Council of the Eurasian Fund for Stabilization and Development (EFSD) resolved to provide US $100 million to the Kyrgyz Republic. The loan will be used to implement the Kyrgyz Government and National Bank’s programme to counter the impacts of COVID-19 on the economy and the financial and social sectors
07 August 2020
A syndicate of lenders with the participation of the Eurasian Development Bank (EDB) signed a Financial Close Agreement for the construction of the Big Almaty Ring Road (BAKAD). The signing of this final document signifies that the lenders start financing. The disbursement of the first tranche is scheduled for the second decade of August. The EDB will extend US $135 million
03 August 2020
The spread of COVID-19, the drastic decline in external demand, and lockdown-related restrictions have an extensive negative impact on the economies, budgets, and solvency of EFSD member countries
24 July 2020
Remittances remain strategically important to stimulating consumer and investment demand in the country, as well as to Tajikistan’s balance of payments, as they compensate the significant foreign trade deficit. This finding is presented in the report entitled Main Tendencies in Tajikistan’s Integration Development in 2019 prepared by the Eurasian Development Bank’s (EDB) Centre for Integration Studies
23 July 2020
Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), and Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission (EEC), discussed prospects for restoring the Eurasian Economic Union’s (EAEU) economies after the pandemic and expanding trade and economic ties through investment
22 July 2020
The Eurasian Development Bank (EDB) has set up a directorate for the Digital Initiative Fund. The new division is supervised by Tigran Sargsyan, Deputy Chairman of the EDB Management Board. The main task of the directorate is to support the activities of the Digital Initiative Fund established at the most recent meeting of the Bank's Council on 30 June 2020
17 July 2020
The Eurasian Development Bank (EDB) is improving its efficiency as a key integration tool and is ready for further fruitful cooperation in order to foster integration. Nikolai Podguzov, Chairman of the EDB Management Board, said this today during a meeting of the Eurasian Intergovernmental Council in Minsk