Research Team

The Eurasian Development Bank is a recognised leader in applied research on the Eurasian economy. The key areas of activity of the EDB's analytical team are macroeconomic, integration and sectoral analysis, as well as analysis of the activities of international financial organizations. The results of its studies are regularly published in macroeconomic reviews describing the current state of the economies and forecasts for the economic development of the region’s countries; reports on infrastructure development; special reports; and integration-related publications.

Bank analysts develop cooperation with multilateral development banks, international UN organisations, other governmental and non-governmental regional organisations, leading think tanks, and the expert community.

Research Department comprises:

Centre for Macroeconomic Analysis

The Centre analyses the economies of the Bank’s member states and projects their key macroeconomic indicators for the medium and long term. It regularly publishes macroeconomic reviews and outlooks, and participates in consultations with government authorities of the Bank’s member states. The EDB’s Macroeconomic Outlook is one of the most authoritative macroeconomic publications in Eurasia. The Centre uses dynamic stochastic general equilibrium (DSGE) models for all the Bank’s six member states to provide in-depth and consistent macro analysis.

Centre for Integration Studies

Established in 2011, the Centre conducts quantitative and qualitative applied research into Eurasian integration. Its breakthrough projects include Monitoring of Mutual Investments, Integration Barometer, research into non-tariff barriers in the EAEU, an analysis of the macro effects of the Eurasian Economic Union, a study on pension mobility, numerous papers on the expansion of the EAEU, and international projects with the World Bank and other international organisations. The Centre also prepares non-public reports on regional economic integration and related recommendations to the governments of the Bank’s member states. The reports and publications by the Centre for Integration Studies are available here.

Centre for Infrastructure and Industrial Research

The Centre was established in 2021 with the objective of proposing and substantiating cross-border infrastructure projects of systemic importance to the Bank’s member states. It also covers industrial cooperation. A significant part of the Centre’s work is internal and involves preparation of analyses of industries where the Bank’s investment projects are implemented. Industry reviews and other publications prepared by the Centre for Infrastructure and Industrial Research are available here.

Center for Analysis of International Finance

The Centre was established in 2024. Its priorities are the analysis of international financial institutions (IFIs), with a focus on multilateral development banks (MDBs), and the international financial system. The Centre prepares analytical reports, develops analytical cooperation with international institutions, participates in global initiatives (T20, G20, FICS), and prepares non-public analytical materials for the benefit of shareholders. The Centre has developed a unique database on non-sovereign financing (NSF Database) in the Eurasian region, which allows monitoring IFI investments in 11 countries of the region since 2008. An analytical dashboard was created for convenient work with the NSF Database. Reports and other publications of the Centre are available here.

EDB Chief Economist

The analytical team is led by Chief Economist Evgeny Vinokurov, Ph.D. (IMEMO, Moscow), Ph.D. (University of Grenoble II), M.iur. (University of Göttingen). He joined the Bank in 2006. From 2011 to 2018, he was a founding director of the Centre for Integration Studies. He was Chief Economist at the Eurasian Fund for Stabilization and Development from 2018 to 2023, and Chief Economist at the EDB since 2020. His responsibilities include the analysis of global and regional economic trends, macroeconomic forecasting and analysis for the Bank’s member states, sectoral analysis with a focus on infrastructure, and the organisation of analytical partnerships with international institutions. Evgeny Vinokurov has authored more than 180 publications on regional integration, macroeconomic stability, economic cooperation in Eurasia, international organisations, and international financial architecture, as well as dozens of public reports and analytical papers for the Bank’s member states.