Russia

The EDB has released its Macroeconomic Outlook for the Bank’s six member states. Bank analysts anticipate that the region’s economies successful adaptation to the new environment will support their growth this year. Positive growth rates are projected for all countries in the region: Armenia expected to grow by 7.5%, Belarus by 2.2%, Kazakhstan by 4.3%, Kyrgyzstan by 4.2%, Russia by 1%, and Tajikistan by 7.9%.

A new report by the Eurasian Development Bank (EDB, Bank) examines the status and opportunities for low-carbon development in Eurasia. Energy, transport, industry, and the urban environment are the four pain points that need to be addressed in the first place. Coordinating countries in their low-carbon development efforts will help to avoid regulatory costs and internal trade barriers, enhance regional cooperation in line with green economy principles, and improve the competitiveness of regional producers. International development institutions play a crucial role in implementing the green agenda in lower-middle-income countries

The EDB’s new analytical report, Food Security and Agro-Industrial Potential of the Eurasian Region, proves that agriculture is a key element of the long-term economic specialisation of the Eurasian Region. Calculations demonstrate that the region not only guarantees its own food security, but by 2035, it will also be able to fully provide food for 600 million people.  To realize the region’s globally unique potential it is necessary to accelerate the development of the technological base of the agro-industrial complex, improve agro-logistics and storage systems, support major producers, stimulate cooperation among small farms, and eliminate barriers and restrictions on mutual trade within the EAEU.

The Eurasian Development Bank (EDB) presented the latest issue of the Macroeconomic Review for its six member states. The Macroeconomic Review is a regular publication by the EDB, which provides a snapshot of the macroeconomic situation and projects short-term developments in its member countries. The review also contains statistical information on key macroeconomic indicators

The Eurasian Development Bank (EDB) presented the latest issue of the Macroeconomic Review for its six member states. The Macroeconomic Review is a regular publication by the EDB, which provides a snapshot of the macroeconomic situation and projects short-term developments in its member countries. The review also contains detailed statistics on key macroeconomic indicators

Effective management of Central Asia’s water and energy complex in the Aral Sea basin becomes increasingly important every year. Coordinated approach could ease natural, economic, technical and social uncertainties in ensuring sustainable water use and reliable energy supplies. The EDB’s new report, Regulation of the Water and Energy Complex of Central Asia, scrutinises historical data and international experience to suggest five institutional solutions that would benefit all countries of the region. In particular, the report proposes to establish the project consortium to promote faster construction and more efficient operation of major hydro-electric objects and validates a model for a financial operator’s engagement in the regulation of Central Asia’s water and energy complex

The EDB has published its Macroeconomic Outlook for the Bank's six member states for 2023. Bank analysts expect the region’s economies to continue adapting to the new environment. In terms of economic developments in 2023, Russia’s GDP is projected to decline by 2% while the other countries will see growth in their GDPs: Armenia by 4.2%, Belarus by 0.3%, Kazakhstan by 4.2%, Kyrgyzstan by 3.5%, and Tajikistan by 6.5%

The optimal scenario for developing Central Asia’s energy system, as proposed by the Eurasian Development Bank (EDB), would reduce investment needs in the region’s water and energy complex by US $11 billion, slow increases in the average tariffs for consumers from 50 to 35 per cent, and reduce installed capacity needs from 84.0 GW to 74.8 GW, said Alexander Gareyev, Managing Director and Head of the EDB Directorate for Energy, at the Second Almaty Energy Forum

A new report by the Eurasian Development Bank (EDB, the Bank) focuses on structural changes in Central Asian economies. Over the past 20 years, Central Asian countries’ GDP has grown more than sevenfold, and at an average rate of 6.2%, which is faster than in developing countries and more than twice as fast as the world as a whole. Central Asia’s strategic role in wider Eurasia will increase, as will its importance to its immediate neighbours and key economic partners, Russia and China. The region’s countries have a historic opportunity to take advantage of their transit potential and to approach external markets through their emerging international transport corridors. Coordinated development of the water and energy complex, including green energy, also present significant opportunities for growth. Integration initiatives have significant potential to stimulate economic growth, with infrastructure integration being especially important