EDB holds the 11th International Conference on Eurasian Economic Integration
Moscow, 11 November 2016. Eurasian Development Bank’s (EDB) 11th International Conference on Eurasian Economic Integration took place on 11 November 2016 in Moscow.
The event brought together heads and representatives of the Eurasian Economic Commission (EEC), ministries and authorities, national companies, international financial institutions, academia, businesses, and experts from the Bank’s member states and other countries. The conference discussed economic reforms in the Eurasian Economic Union (EEU) and their coordination, the work of international development banks in Eurasia, and various aspects of economic integration. The participants also talked about economic development vectors for the EEU, possible cooperation in key sectors, the advancement of industrial cooperation, capital movement, and the further development of common markets in the region.
The core of the conference was its plenary session attended by Alexei Kudrin, Chairman of the Centre for Strategic Research; Tigran Sargsyan, Chairman of the Board at the Eurasian Economic Commission; Sergei Guriev, Chief Economist at the European Bank for Reconstruction and Development; Natalya Korzhova, Executive Secretary of the Ministry of Finance of Kazakhstan; Dmitry Krutoy, Deputy Minister of Economy of Belarus; Vasily Nebenzya, Deputy Minister of Foreign Affairs of Russia; Maxim Oreshkin, Deputy Minister of Finance of Russia; Djoomart Otorbaev, former Prime Minister of the Kyrgyz Republic; Sergey Vasilyev, Deputy Chairman of Vnesheconombank; Ihsan Ugur Delikanli, President of the Black Sea Trade and Development Bank; Giovanni Capannelli, Country Director, Asian Development Bank’s Kazakhstan Resident Mission; Ekaterina Golitsyna, Head of KfW representative office in Russia; Kubanychbek Kulmatov, Chairman of the Management Board of the the Russian-Kyrgyz Development Fund, among many others. In addition, the conference had four sections to discuss infrastructure development in the EEU, industrial cooperation, and the linkages between the EEU and the Silk Road Economic Belt.
“This year our conference agenda was built around structural economic reforms in the EEU: whether we should move together or whether the countries should compete in the pace and scale of reform to create a favourable business climate,” Dmitry Pankin, Chairman of the Management Board at EDB, said when opening the plenary session. Using this vector, the participants discussed the results of the reforms fulfilled in the region and the ways to improve their quality and pointed out that Eurasian integration had a positive effect on the EEU’s economic dynamics. The speakers also elaborated on the role of international development banks in the current economic and geopolitical conditions. They emphasised that such institutions were an efficient tool in alleviating political confrontation, as their priority was to solve economic tasks.
EDB conferences have become an effective instrument of communication and information exchange for financial institutions, authorities and businesses in the Bank’s member states. The recommendations made as a result of discussions are used by the Bank to devise new approaches to developing its investment policies.
The detailed programme of the conference is available at https://eabr.org/r/research/conference/xi_conference/
Additional Information:
Eurasian Development Bank (EDB) 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 totals US $7 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.
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