Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Askar Mamin chairs meeting of EDB: The Bank’s 2022-2026 Strategy approved

Friday, 02 July 2021, 17:22:31

At the meeting of the Council of the Eurasian Development Bank (EDB) chaired by Prime Minister Askar Mamin, the EDB Strategy for 2022-2026 was approved.

In the coming period, the EDB will focus on the implementation of cross-border investment projects with an integration effect. The total volume of the Bank's investments over the five-year period will amount to $10.9 billion.

The EDB's efforts will be aimed at implementing such large investment projects as the Europe-Western China transport and digital corridor, the EAEU+ unified commodity distribution network and the water and energy complex of Central Asia.

It is planned to develop separate strategies for each of the member countries of the Bank, taking into account the macroeconomic characteristics of the region. In order to achieve sustainable development goals, the EDB will expand project activities in the countries of minority shareholders, bringing the total investment in Armenia, Kyrgyzstan and Tajikistan to $500 million.

One of the priority areas of EDB’s work will be the further development of digital skills and infrastructure in the framework of creating the EAEU+ Single Digital Space. To implement the tasks set, in June 2020, the Bank created the Digital Initiatives Fund, which is currently working on about 20 projects. The first implemented project of the Fund was the mobile application "Traveling without COVID-19" for verification at the interstate level of data on PCR testing of visitors.

By 2027, the EDB intends to become a leader in initiating, structuring and arranging financing for new projects in the region with the participation of national and international development institutions. At the same time, in order to obtain a credit rating of category A, it is planned to expand the composition of shareholders and attract additional funds to the capital of the Bank.

In 2020, the EDB signed agreements on 18 new projects for $1.336 billion. The Bank's current investment portfolio was increased to $4.4 billion, the maximum value for all years of operation. At the same time, the share of projects with an integration effect was 64.3%. Net profit for 2020 amounted to $32.6 million.

The Bank's financial stability is confirmed by high ratings from rating agencies: Moody's – Baa1, Fitch – BBB+, Standard & Poor's – BBB, ACRA – A-. National scale ratings: Fitch – AAA (KAZ), ACRA – AAA (RU).

The EDB pays special attention to supporting the development of the "green economy" – financing of new projects in the field of renewable energy sources was secured, a share in the authorized capital of the Green Finance Center under the Astana International Financial Center was acquired, and active work in this area is being carried out jointly with UN organizations.

The Bank's settlement and payment system is successfully operating, which allows cross-border payments in national currencies through the EDB's correspondent accounts with the national banks of the member countries.


News feed
12 October 2021, 15:26
Government discusses issues of cooperation between Kazakhstan and OECD
12 October 2021, 13:19
Government presents national projects for development of Kazakhstan
12 October 2021, 12:47
For 9 months of 2021, positive growth dynamics remained in all economic sectors — Aset Irgaliyev
12 October 2021, 10:27
Government approves national development projects
12 October 2021, 09:42
Pace of economic recovery in Kazakhstan accelerated to 3.4% over 9 months
11 October 2021, 17:45
Prime Minister Askar Mamin meets with leadership of Chevron
11 October 2021, 17:07
Government session to be held Oct. 12 in Ukimet Uyi
11 October 2021, 12:52
Government approves postponement of holidays in 2022
11 October 2021, 09:20
Askar Mamin's visit to the UAE: Pool of new joint projects to exceed $6 billion
09 October 2021, 12:37
Askar Mamin holds meeting on prices for socially significant food products, fuels and lubricants
09 October 2021, 07:59
Yeraly Tugzhanov takes part in opening of Palace of Arts in Uralsk
08 October 2021, 20:23
Yeraly Tugzhanov visits social facilities of West Kazakhstan region
08 October 2021, 17:43
Council on Improving Investment Climate considers development of alternative energy
08 October 2021, 08:25
Askar Mamin discusses implementation of joint projects in petrochemical industry with Head of SIBUR Dmitry Konov
06 October 2021, 15:02
Askar Mamin meets with Head of World Customs Organization Kunio Mikuriya
05 October 2021, 18:28
Yerlan Aukenov relieved as Vice Minister of Labor and Social Protection of Population
05 October 2021, 16:37
FDI in economy of Kazakhstan increased by 30.4% in first half of 2021
05 October 2021, 16:14
Roman Sklyar meets with representatives of Korean business community
05 October 2021, 13:11
Implementation of Comprehensive Plan for Socio-Economic Development of Mangystau Region: Over 60 thousand new jobs to be created by 2025
05 October 2021, 12:47
Prime Minister Askar Mamin meets with Head of Alstom Henri Poupart-Lafarge
05 October 2021, 11:16
Area of ​​irrigated land to be increased to 3 million hectares by 2030 in Kazakhstan — Brekeshev
05 October 2021, 11:03
Askar Mamin instructs to increase efficiency of water resources use
05 October 2021, 09:54
Development projects worth 2.1 trillion tenge to be implemented in Mangystau region until 2025
04 October 2021, 14:59
Government session to be held Oct. 5 in Ukimet Uyi
02 October 2021, 14:05
Askar Mamin holds meeting on prices for socially significant food products
01 October 2021, 18:46
Gabidulla Abdrakhimov relieved as Vice Minister of Culture and Sports of the Republic of Kazakhstan
01 October 2021, 18:06
Askar Mamin meets with Governor of Omsk Region of the Russian Federation Alexander Burkov
01 October 2021, 14:58
Askar Mamin holds meeting with Deputy Prime Minister of the Russian Federation Marat Khusnullin
30 September 2021, 21:33
Roman Sklyar and Marat Khusnullin discuss issues of bilateral cooperation between Kazakhstan and Russia
30 September 2021, 18:47
Problem of access of industrial enterprises to raw materials in Kazakhstan solved within the framework of instructions of the Head of State — Beibut Atamkulov
30 September 2021, 18:16
Kazakhstan and Singapore to cooperate on development of new city in Almaty region
30 September 2021, 17:50
As part of instructions of the Head of State, new approaches to subsidizing in agro-industrial complex under development — Yerbol Karashukeyev
30 September 2021, 17:30
Law on development of agglomerations aimed at regulating interbudgetary relations — Roman Sklyar
30 September 2021, 17:28
In the next five years, new stations with gas generation of about 3 thousand megawatts to be built in Kazakhstan
30 September 2021, 16:51
Ministry of Energy is doing everything necessary to ensure supplies of diesel fuel in the country — Magzum Mirzagaliyev
30 September 2021, 15:34
Government of Kazakhstan plans to improve regional policy and territorial development — Roman Sklyar
30 September 2021, 15:29
Kazakhstan launches project to accelerate promotion of goods and services with greatest export potential — Roman Sklyar
29 September 2021, 16:01
Several decisions on participants of ASHYQ and offline conferences made at meeting of Interdepartmental Commission
29 September 2021, 14:44
Roman Sklyar holds online meeting with leaders of German companies
29 September 2021, 14:23
Briefing to be held on measures to implement Address of the Head of State Kassym-Jomart Tokayev dated Sep. 1, 2021
28 September 2021, 12:54
Askar Mamin meets with Head of Bashkortostan Radiy Khabirov
28 September 2021, 12:13
12 thousand new permanent jobs to be created under Industrialization Map in Kazakhstan
28 September 2021, 10:49
Vaccination rate in Kazakhstan reached 75.8% — Alexey Tsoy
28 September 2021, 10:41
Fire volunteering revived in Kazakhstan — Yuri Ilyin
28 September 2021, 09:51
Government reviews fire safety issues in the country
28 September 2021, 09:42
128 projects worth 1.2 trillion tenge to be introduced in 2021 in Kazakhstan as part of Industrialization Map
28 September 2021, 09:37
Askar Mamin instructs to strengthen vaccination against influenza
27 September 2021, 19:42
Systemic measures to improve status of teachers taken in Kazakhstan — Askhat Aimagambetov
27 September 2021, 19:18
Citizens given opportunity to participate in face-to-face court hearings, if there is a request from parties — Yeraly Tugzhanov
27 September 2021, 19:04
Mechanism for regulating new forms of employment to be created in Kazakhstan — Shapkenov
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.