Berik Mukhambetzhanov, Deputy Chairman of the EDB Management Board meets with Shixin Chen, Vice President of the Asian Development Bank to discuss opportunities for cooperation
Almaty, 5 May 2023. The delegation of the Eurasian Development Bank (EDB), led by the Deputy Chairman of the EDB Management Board Berik Mukhambetzhanov, has met with the delegation of the Asian Development Bank (ADB), led by the Vice President of the Asian Development Bank (ADB) Shixin Chen. The meeting was held on the fringes of the 56th ADB Annual Meeting, taking place from 2nd to 5th May in Incheon, South Korea.
During the meeting, the delegations discussed the current operations of the two banks in Central Asia and shared opinions on the cooperation with regards to joint projects in the region and the Central Asia Regional Economic Cooperation Programme.
Another theme of the meeting was the analytical work of the development institutions and opportunities to engage in joint research in future.
“We can see big potential for developing cooperation between our banks under the Central Asia Regional Economic Cooperation Programme and we are ready to continue our work on strengthening our partnership in this direction,” the Deputy Chairman of the EDB Management Board Berik Mukhambetzhanov said.
The ADB Annual Meeting gathers ministers of finance and top managers of central banks from 68 member countries as well as key officials from international organisations, scientists and representatives from businesses and media to discuss major issues for Asia and directions for future operations of ADB and to assist in the communication and cooperation between its participants.
This year’s meeting with the theme “Rebounding Asia: Recover, Reconnect, and Reform” became an important platform to discuss the key issues of the financing for fighting climate change and use of innovative strategies to solve these problems as well as ADB’s operations in Asia and the Pacific and its goals under these circumstances.
The EDB continues to work actively for the purposes of the sustainable development of Central Asia and looks forward to cooperate with other international organisations to achieve common goals in this direction.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia and Tajikistan. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The EDB Media Centre:
Aigerim Akhanova
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Almaty, KAZAKHSTAN