The Eurasian Development Bank’s Digital Initiative Fund (Fund, DIF)

The Eurasian Development Bank’s Digital Initiative Fund (Fund, DIF) was established by the Bank’s Council on 30 June 2020.

The Fund’s objective is to assist EDB member states in creating digital transformation tools and practices by integrating information resources and participating in the development and financing of projects, including those implemented under the EAEU 2025 Digital Agenda.

The Fund operates based on the DIF Programme of Operations.

Its operations are supervised by Tigran Sargsyan, Deputy Chairman of the Management Board of the Eurasian Development Bank.

The Fund is administered by the EDB Directorate for Digital Initiatives.

The Directorate is currently searching for and reviewing digital initiatives and projects that can be scaled up throughout Eurasia.

Project initiators may be businesses, including business associations (consortia, etc.), and/or public authorities from the Bank’s member states, or the Eurasian Economic Commission.

On 4 September 2020, the Digital Initiative Fund announced a competition for the best digital solutions to counter the spread and overcome the negative consequences of the COVID-19 pandemic in Eurasia. The winners will receive funding to implement the proposed projects.

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