President Tokayev Met with Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank

Astana, April 15, 2025. The President was presented with a report on the current results and plans of the Eurasian Development Bank (EDB). Last year, the EDB's investment in Kazakhstan's economy amounted to $1.4 billion, while the share of Kazakhstan-based projects in the Bank's portfolio reached 60%.

Kassym-Jomart Tokayev was informed that, since the beginning of the implementation of the 2022-2026 Country Strategy for the Republic of Kazakhstan, the EDB has fulfilled an investment plan of $3.8 billion ahead of schedule. In 2025, projects worth over $4.5 billion are under consideration. Over $1 billion of investment is to be directed to the modernization of the country's infrastructure and energy facilities, and the development of renewable energy sources, transport and logistics (including the reconstruction of roads of national importance); other areas of investment include industry and digital technologies.

According to Nikolai Podguzov, this year the EDB will continue to assist the development of Kazakhstan's financial market and attract investment by working closely with partners and multilateral organizations, including through the international meetings and events organized by the Bank.

"Kazakhstan is one of the key shareholders and participants of the Bank. We are pleased to note that, over the past three years, every third dollar of investments sent to Kazakhstan from international financial organizations has been received via the EDB," said Nikolai Podguzov.

The Head of State positively assessed the contribution of the Eurasian Bank to the development of Kazakhstan's economy and confirmed the readiness of the country to deepen this cooperation.

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. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. The Bank's portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.