EDB is taking part in G20 events in Washington
Almaty, 17 April 2013. Eurasian Development Bank (EDB) is taking part as outreach partner in the G20 events in Washington. These include the finance ministers’ and central bank governors’ meeting, the Seminar on Regional Financial Arrangements: RFA’s Role in International Financial Architecture and Their Cooperation with the IMF, and the International Financial Architecture Working Group meeting.
The Bank’s representatives will speak at various events as experts.
EDB was given the status of «outreach partner» for the period of Russia’s presidency of the G20 in 2013. The proposal to assign this special status to EDB was made by the Russian Ministry of Finance which invited the Bank to take part in the G20’s Finance Track. The membership of EDB, its status of a multilateral financial institution and its proactive work, through the EurAsEC Anti-Crisis Fund, to overcome the consequenc es of the global financial crisis were taken into account.
This form of partnership is used to promote the G20’s initiatives among the countries which are not members of the group and envisages the involvement of certain countries and international institutions in the G20 events. The selection criteria include the countries and institutions’ belonging to a certain region, their potential contribution to the discussion and the G20 partners’ readiness to work with them.
For the first time EDB took part as outreach partner in the G20 meeting of finance ministers and central bank governors, which took place in Moscow this February.
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.