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

The Bank is governed in its international cooperation by generally accepted principles and rules of international law, applicable treaties, the Agreement Establishing the Eurasian Development Bank dated 12 January 2006, and the Charter, which forms an integral part of the Agreement.

The constituent documents set out the Bank’s status as an international organisation – an entity regulated by international law, with international legal capacity and the right to enter into international agreements within its competence.

The Bank’s international cooperation activities are designed to create favourable conditions for the successful and efficient implementation of the Bank’s charter activities.

The Bank focuses its international activities on achieving its strategic objectives specified in the Agreement Establishing the Eurasian Development Bank and the Charter, and the tasks outlined in the Eurasian Development Bank’s Core Objectives and Business Guidelines and its Strategy for 2008–2010.

In pursuance of its aims and objectives, the Bank develops the following areas of international cooperation:

  • interaction with the Bank’s member states and international organisations
  • expanding the Bank’s membership
  • cooperation with public financial development institutions from the member states
  • interaction with international and regional agencies
  • cooperation with governments and international organisations

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.