EDB becomes an institutional member of the World Economic Forum
Almaty, 22 January 2014. Igor Finogenov, Chairman of the Management Board at Eurasian Development Bank (EDB), is taking part in the 44th World Economic Forum (WEF) Annual Meeting, which opened today in Davos. The Forum having as its theme The Reshaping of the World: The Consequences for Society, Politics and Business brought together over 2,500 representatives of governmental authorities, businesses and public organisations from 100 countries.
The agenda includes new approaches to solving humanity’s pressing problems in the fast-changing world. The issues under discussion include the influence of innovations on modern life, global development prospects, civil society’s participation in economic processes and the world population growth, among others.
This year the head of EDB is taking part in the forum in a new capacity: in January the Bank became an institutional member of this authoritative organization. “Your ideas and active participation are not only welcome but essential to achieving the Forum`s mission,” wrote Klaus Schwab, Executive Chairman of the WEF, in his message to Igor Finogenov. He also expressed hope in that letter that the two institutions would establish close cooperation.
The WEB unites about 1000 major institutions and businesses with over US $5 billion in turnover from different countries of the world. To become a WEF member candidates undergo special selection, which takes account of their national rating, their role in the region’s economic development and business reputation.
The status of an institutional member provides EDB with an opportunity to take part in all the Forum’s events, each being a unique floor for sharing opinions and experience between heads of state and governments, major transnational companies, world experts in economics, science and technologies, prominent cultural figures, etc.
The WEF is a non-governmental organisation, which aims its activities at developing comprehensive international cooperation. It was set up in 1971 by Swiss professor Klaus Schwab who still remains its leader. The Forum is headquartered in Cologny, near Geneva, and has regional offices in New York, Beijing and Tokyo.
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.