Nikolai Podguzov is reappointed as Chairman of the EDB Management Board, with his term extended until 2028
Nikolai Podguzov highlighted that the EDB maintained financial stability and solidified its position as a leading development institution in its operating region during 2023. Investments in 2023 totalled US $1.7 billion. The Bank increased its green investments, with the value of green projects in its current investment portfolio exceeding US $600 million by year-end. Over the first two years of the Bank’s 2022–2026 Strategy, investments have reached 140% of the target.
The Bank’s cumulative investment portfolio over 18 years of operations has totalled US $14.7 billion, encompassing 285 projects. The portfolio consists primarily of projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. 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 adheres to the UN Sustainable Development Goals and ESG principles in its operations.
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