Nikolai Podguzov joins the ADFIAP Board of Directors
Almaty, 14 November 2024. Nikolai Podguzov, Chairman of the Management Board at the Eurasian Development Bank (EDB), has been elected to the Board of Directors of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). This announcement was made during the ADFIAP International CEO Forum XVII held in Bali.
“The Board of Directors of ADFIAP is pleased to announce the addition of a distinguished new member, Mr. Nikolai Podguzov who serves as the Chairman of the Management Board of the Eurasian Development Bank, bringing with him a wealth of experience and expertise in development project financing. His appointment underscores ADFIAP’s commitment to broadening its network and fostering stronger collaboration within the Central Asian region, which plays a pivotal role in shaping the future of development finance. The Board looks forward to Mr. Podguzov’s valuable contributions and leadership in advancing ADFIAP’s mission and goals,” ADFIAP’s statement reads.
During the same forum, Nikolai Podguzov participated in a panel discussion titled “Sustainable Futures: The Role of Impact Investment in Building Resilient Infrastructure,” moderated by Luthfyana Kartika Larasati, Manager at the Climate Policy Initiative. Also joining the panel were Hussain bin Ali Al Lawati, CEO of the Development Bank of the Sultanate of Oman and ADFIAP Board Member, and Faaris Pranawa, Public Financing and Project Development Director at PT Sarana Multi Infrastruktur (Persero), among others.
In his remarks, the EDB’s Chairman emphasised the importance of addressing the unique challenges facing the Eurasian region while promoting sustainable growth and reliable infrastructure. He highlighted the concept of “glocalisation,” which necessitates region-specific solutions to global challenges. Central Asia, where the EDB is headquartered, shares several challenges with the broader region, including the need for rapid economic growth, improved connectivity and water resource management.
“Cooperation among development finance institutions (DFIs) is essential,” he concluded, stressing the need for collaboration to construct large-scale infrastructure projects that will shape a sustainable future for the Eurasian region.
The EDB looks forward to leveraging its new position within the ADFIAP Board of Directors to further advance these goals in alignment with regional DFI agendas.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution 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. Kazakhstan accounts for almost 60% of the Bank’s investment portfolio.
ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to advance sustainable development through its members. Founded in 1976, ADFIAP has currently 90 member-institutions in 40 countries. ADFIAP is also a founding member of the World Federation of Development Financing Institutions composed of regional associations in Africa, Asia-Pacific, Latin America and the Middle East.
The EDB Chairman of the Management Board Nikolai Podguzov is on the ADFIAP Board of Directors. The Eurasian Development Bank is a Special Member of the Association.
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