While expanding the range and enhancing the quality of its services Eurasian Development Bank offers financial support in pre-investment and innovation research on interstate, state and industry levels. Such a support is aimed at boosting integration in Eurasia, strengthening of market infrastructure and ensuring stable economic growth of the Bank’s member-states.
For such purpose the Bank established the Technical Assistance Fund with the operations complying with the best global practices and international standards of corporate management.
For the purpose of projects and program management the Fund established the Fund Management Committee, a permanent collegiate body effecting preliminary consideration and approval of financing from the Fund’s resources from the Bank’s own and attracted sponsors’ capital.
The final decision on projects approval under the Fund’s Program and provision of the Fund’s resources is adopted by the Bank’s Management Board in the procedure established by the Bank’s normative documents. The Technical Assistance Fund’s programs are based on and prepared in compliance with the Bank’s mission and its strategic goals and objectives as well as with the outlook of achievement thereof.
The Bank developed the procedures ensuring the transparency of the Fund’s operations and informing of the Banks participants and public thereof on regular basis. The projects consideration process by the Fund is of a competitive nature. Topicality and novelty of the idea basing the project, the compliance of the goal and objective with the Bank’s mission, feasibility and development of the budget and implementation schedule, assessment of desired outcome, qualification of the persons implementing the project as well as the possibility of continuation of activities on the project upon the lapse of the term of the loan are core criteria of project assessment. Given the Bank’s status of an international development institution, close attention is given to the projects and programs with investment outlook.