Eurasian Development Bank Signs Memorandum of Understanding with Abu Dhabi Fund for Development to Strengthen Strategic Cooperation
Washington D.C., USA, 14.10.2025. The Eurasian Development Bank (EDB) has signed a landmark Memorandum of Understanding (MoU) with the Abu Dhabi Fund for Development (ADFD) which establishes a framework for strategic, technical and operational cooperation between the two entities to support sustainable socioeconomic development in the countries of mutual interest.
The agreement was signed by Nikolai Podguzov, Chairman of the Management Board, EDB and His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, at 2025 Annual Meetings of the World Bank and International Monetary Fund in Washington D.C.
Under the terms of the MoU, the parties will work to identify opportunities for co-financing infrastructure projects that align with national and regional development priorities. They will also explore cooperation in treasury operations, exchange information and share knowledge to leverage each other’s resources, experience and expertise. This MoU builds on previous successful cooperation between the two institutions, including ADFD’s support in July 2025 for EDB’s pioneering issuance of AED-denominated bonds in the UAE capital markets.
“This partnership with Abu Dhabi Fund for Development marks a significant step forward in our shared commitment to support high-impact investments across Central Asia,” said Nikolai Podguzov. “By leveraging each other’s strengths and resources, we will not only develop impactful initiatives in the region but also contribute to deepened economic cooperation between UAE and Central Asia.”
H.E. Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, said: “The signing of this Memorandum of Understanding with the Eurasian Development Bank aligns with the UAE’s commitment to advancing international cooperation and building partnerships that drive sustainable economic growth. The agreement reflects ADFD’s strategic approach to strengthening collaboration with regional and international financial institutions to unify efforts, exchange knowledge, and co-finance impactful projects that develop infrastructure, stimulate long-term socioeconomic development, and deepen economic connectivity between the UAE and the broader Eurasian region.”
Additional information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 19 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By July 2025, the EDB’s cumulative portfolio comprised 319 projects with a total investment of US $19,1 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 adheres to the UN Sustainable Development Goals and ESG principles in its operations. The EDB is implementing three mega-projects as part of its 2022–2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.
About Abu Dhabi Fund for Development (ADFD)
Abu Dhabi Fund for Development is one of the UAE’s leading financial institutions. It was established in 1971 to provide financing for infrastructure projects in developing countries, which would bolster their economy while enabling them to fulfil their sustainable-development agenda. ADFD has adopted this vision to foster economic progress in developing countries by financing sustainable infrastructure projects. It also manages the UAE’s grants for strategic projects for partner countries. The institution pursues a diversified investment strategy that plays an important role in strengthening developing economies, while it also finances private companies in the UAE to enable them to increase their competitiveness and expand their global footprint.
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