25 September 2020
The Eurasian Development Bank (EDB) extended KZT 10 billion to the Industry Development Fund (formerly BRK-Leasing, a subsidiary of the Development Bank of Kazakhstan, and part of the Baiterek National Managing Holding) to supply ambulances for Kazakhstan’s healthcare system. The funds were provided as part of the EDB’s support to combat the COVID-19 pandemic and its consequences in the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The agreement envisions the opening of two five-year loan facilities to purchase state-of-the-art vehicles made in Kazakhstan, which will be supplied to all regions of the country
24 September 2020
The Ministry of Finance of Tajikistan and the Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), signed an agreement to extend a financial credit to Tajikistan from the EFSD to support the country’s budget amid the COVID-19 pandemic. The document was executed by Faiziddin Qahhorzoda, Minister of Finance of Tajikistan, and Andrey Shirokov, Acting Executive Director of the EFSD Project Unit
24 September 2020
Representatives of the Eurasian Development Bank (EDB) and the Eurasian Fund for Stabilization and Development (EFSD) visited the Kulob Free Economic Zone (FEZ) in Tajikistan. Pasha Sadykhov, EDB Director for Tajikistan, and Masrur Nazriyev, EFSD Project Representative, met with Mustafo Abdullozoda, Head of the Kulob FEZ Administration, to discuss investment projects to construct new industrial enterprises in the Kulob FEZ using the existing tax and customs preferences
23 September 2020
The competition for the best digital solutions to counter the spread and overcome the negative consequences of the COVID-19 pandemic arranged by the Eurasian Development Bank’s Digital Initiative Fund (EDB DIF), has already received 36 applications. Of these, one application is from Armenia, four from Belarus, twelve from Kazakhstan, eight from Kyrgyzstan, six from Russia, and five from Tajikistan
22 September 2020
The Eurasian Development Bank (EDB) projects Belarus’s GDP to decline by 2.3% in 2020 and then recover over the next two years. This finding is presented in the Macroreview for Belarus prepared by the Directorate for Research at the Eurasian Development Bank (EDB)
21 September 2020
The Eurasian Development Bank (EDB) and Altynalmas have successfully completed another stage of cooperation. Over the course of their long-term joint work, the organisations have implemented three investment projects aimed at developing gold mining in Kazakhstan, for a total of more than US $285 million
18 September 2020
The Eurasian Development Bank (EDB) projects Russia’s GDP to grow by 3% on average in 2021-2022. This is stated in the macroeconomic review for Russia disseminated by the EDB’s Directorate for Research
08 September 2020
ACRA has affirmed the Eurasian Development Bank’s (EDB) credit ratings at A-/stable on the international scale, and AAA(RU)/stable on the national scale
08 September 2020
EDB
analysts have assessed the impact of the COVID-19 pandemic on key macroeconomic
indicators of the Bank’s member countries, including their cyclical and trend
(equilibrium) components. The results of the research are presented in the
special report by the EDB’s Directorate for Research entitled Assessment of
Unobservable Economic Variables in EDB Member Countries
08 September 2020
The Eurasian Development Bank’s (EDB) Technical Assistance Fund has launched a new programme to subsidise the interest rate for investment projects so that borrowers could compensate part of their costs for paying interest on the loans extended by the Bank
04 September 2020
Moscow, 4 September 2020. The Eurasian Development Bank’s (EDB) Digital Initiative Fund has announced a competition for the best digital solutions to counter the spread and overcome the negative consequences of the coronavirus pandemic in Eurasia
27 August 2020
The EFSD has presented the results of its efforts to stress test debt sustainability and financial needs of the Kyrgyz Republic and Tajikistan