Activities – Eurasian Development Bank

The structure of the Eurasian Development Bank’s activities is determined by its mission, development strategy, and market conditions.

Lending and investments

The Bank finances major investment projects in Eurasia by offering long-term financing to state or private companies, contributing to the charter capital of organisations, mezzanine financing, by acting as a guarantor and by financing investment funds and financial institutions to enable those to lend to businesses in the real sector and support trade transactions.

The EDB’s main strategic objective is to support and finance integration projects promoting:

  • the development of international infrastructure;
  • deeper industrial integration aimed at stimulating growth in industrial production and joint manufacturing;
  • an increase in the share of the member states' products in the common market and greater localisation; and
  • manufacture of new competitive products with high potential for industrial cooperation.

The priority areas of project activities are:

  • infrastructure;
  • energy generation;
  • machine engineering;
  • chemical industry;
  • mining; and
  • oil and gas.

These are the Bank’s priority sectors of operation, although the list is not exhaustive.

The Bank focuses on financing two types of projects: projects with strong integration effects and national development projects.

The project value and/or the Bank’s share in a syndicated project is expected to be between US $30 million and US $300 million.

Technical assistance

The Bank renders financial assistance with the preparation of investment projects and research at international, state, and industry levels, aimed at extending integration in Eurasia, strengthening market infrastructure, and ensuring sustainable economic growth in its member states.

In order to meet the above objectives, the Bank has incorporated into its structure a Technical Assistance Fund (TAF).

Research and analytical activities

The Bank has become a highly respected centre of research, based on its in-depth studies and analytical work in the field of economic integration.

Through its Strategic and Industry Research Department, Centre for Integration Studies, and Chief Economist Group, the EDB undertakes the following:

  • implements major research and action-oriented projects;
  • prepares reports and recommendations for member-state governments on issues of regional economic integration;
  • organises regular conferences and round tables;
  • regularly publishes scientific and analytical periodicals; industry- and problem-oriented analytical reviews and information on integration events in the region, the activities of the development banks and project financing in the CIS;
  • publishes Monthly economic analysis on the EDB member states (the Monthly Macroeconomic Review);
  • publishes a Quarterly Macroeconomic Review that contains forecasts for the region's countries.

International cooperation

In accordance with its foundation documents, other countries and international organisations may become members of the EDB subject to approval by the Bank’s Council.

In order to enhance its profile internationally and within its member states, the EDB cooperates with member-state governmental, regional and local bodies, and establishes and develops relations with potential shareholders, other international organisations, national and international development institutions, scientific, expert and civil society organisations, professional unions and associations.

The list of the memoranda of cooperation and respective agreements entered into by the EDB is available here.

The updates on international cooperation are published here.

Management of the Eurasian Fund for Stabilization and Development (EFSD)

The EDB is the manager of the EFSD resources and develops and implements its projects.

The EFSD’s member states are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

Its main aims are to assist its member states in mitigating the consequences of the global crisis, ensuring long-term stability of the member-state economies, and promoting integration in the region.

The interventions of the EFSD take the form of:

  • financial credits to support the budget, balance of payments, and national currency; and
  • investment credits to finance international projects.

In addition to financial and investment credits, the EFSD can provide grants to its member states.

Attracting financial resources

The EDB works actively with financial institutions to obtain long-term resources on capital markets. These are the core sources of funding for the Bank’s investment activities.

The Bank’s fundraising instruments are:

  • Eurobonds under the Euro Medium Term Notes (EMTN) programme;
  • local bonds;
  • Euro Commercial Paper (ECP) programme securities; and
  • bilateral bank loans.

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