Consulting services

The staff of the Centre has a wide expertise and can offer high-quality advisory and consultancy services to academic, expert and business communities. The Centre can also engage other Bank’s specialists as well as an extended pool of professionals in the countries of the Commonwealth of Independent States and abroad.

Areas of the Centre’s expertise:

  • investment opportunities in the Customs Union and the Single Economic Space;
  • assessment of efficiency and outlook of the implementation of investment projects in CIS countries;
  • analysis of various sectors of the economies of the Bank’s member states and other CIS states;
  • economical and legal analysis of integration agreements and structures within the CIS.


In 2015 EDB Centre for Integration Studies was engaged in the large-scale project aimed at analysis of monetary and financial integration in the EAEU. On March 10, 2015 President of the Russian Federation Vladimir Putin addressed the Central Bank of the Russian Federation (Bank of Russia) and the Russian Government with the request to elaborate on the issues of monetary integration in the EAEU. This task raised a huge discussion among the experts and government officials. However until now there was a lack of professional economic knowledge and expertise on this topic. The abovementioned project of EDB Centre for Integration Studies substantially fills this gap.

Coordinated monetary and fiscal policy in the EAEU countries would allow the dissolution of the cross-country monetary risks in the EAEU and, thus, would lead to cost reduction in mutual trade and investments. The latter would expand the benefits for the EAEU countries from the more intensive economic cooperation with each other.

In 2014, as a part of its consultancy services, the Centre implemented the following projects:

“Expanding the DSGE model complex with new sectors and country blocs”
Time frame: 2014 Q2 — 2014 Q4.
Executors: EDB Centre for Integration Studies, OGResearch

In 2013 the EDB Centre for Integration Studies in cooperation with the Eurasian Economic Commission has completed a major joint-project, aiming to develop a DSGE model complex for economic forecasting and policy analysis. Since 2014 the complex has been successfully used to form medium-term forecasts and economic policy recommendations. In 2014 the Centre implemented a paid consulting project aiming to expand the analytical capabilities of the current model complex. By the end of 2014 two general equilibrium models for Kyrgyzstan and Armenia were built. Alongside a new block of econometric models was developed for the sake of more detailed forecasts of the macroeconomic situation in five countries — Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia.

“Assessment of the economic effects from abolition of non-tariff barriers to mutual trade in the EEU”
Time frame: 2014 Q1 — 2014 Q4.
Executors: EDB Centre for Integration Studies

In 2014 the EDB Centre for Integration Studies started a large paid consulting project aiming to determine the economic effects from the abolition of non-tariff barriers to trade in the CU. The project was initiated by the Ministry of Economic Development of the Republic of Belarus. The customer and the beneficiary of the project was the Eurasian Economic Commission. The project involved both the qualitative and quantitative analysis of this problem. The Centre analyzed international experience and methodology for determining non-tariff barriers in trade and for assessing economic effects from their mutual abolition. A classification and analysis of the preliminary list of exceptions, limitations, and other barriers to mutual trade prepared by the Commission are performed on the criteria of relevance for each individual state. Business surveys were conducted for more than 500 enterprises in Belarus, Kazakhstan and Russia. For quantitative evaluation of the economic effects from mutual abolition of barriers the respective social accounting matrices were made for all the countries in the Union. Then a computable general equilibrium model was constructed, based on which the estimation of economic benefits from abolition of barriers was done.

“Financial Programming of Major Economic Sectors of the SES States”
Time frame: 4th quarter 2012 — 2nd quarter 2013.
Executor: Eurasian Development Bank

Within the framework of its consultancy services the EDB divisions have been implementing the project aimed to create a system of financial programming models of Russia, Belarus and Kazakhstan for the benefit of the Eurasian Economic Commission. Similar models are widely used by international financial organizations. They are meant to become a tool for the short-term forecasting of the Single Economic Space economy by the Eurasian Commission. The project was a team-work of the EDB Analytical Department, EurAsEU Anti-Crisis Fund and the EDB Centre for Integration Studies.

“Development of the system of analysis and macroeconomic forecasting in the SES on the basis of dynamic computable general equilibrium models (DSGE)”
Time frame: 2nd quarter — 4th quarter 2013.
Executors: EDB Centre for Integration Studies, OGResearch

This is a major consulting project aiming at the creation of a comprehensive DSGE econometric modeling system. DSGE models wouldl provide the Eurasian Economic Commission with a powerful and flexible mid-term forecasting tool. It would substantially widen its abilities to do quantitative macroeconomic analysis, including budget and fiscal policies, and build mutually beneficial relationships with research institutions, government bodies and monetary authorities.