Sharing Knowledge and Enhancing Cooperation: EDB and ESCAP Expand Partnership
Denis Ilin, Senior Managing Director at the Eurasian Development Bank (EDB), met with Ms. Armida Salsiah Alisjahbana, Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), at the 80th session of the UN Economic and Social Commission that took place on April 22-26 in Bangkok, Thailand.
The meeting included the discussion of current and promising areas of cooperation such as analysing and taking action on critical issues pertaining to water and energy security (incl. irrigation, transport connectivity and food security in the region) that remain a priority for both EDB and ESCAP.
"This meeting marked a significant milestone on the path of our long-term cooperation. We value our partnership with ESCAP and highly appreciate our joint initiatives, for they aim to contribute to the achievement of Sustainable Development Goals in our region," Denis Ilinsaid.
In his conversation with Ms. Alisjahbana, the EDB's Senior Managing Director emphasized the Bank's access to significant economic expertise of its member countries. UNESCAP, in turn, has extensive analytical experience in the field of economic and social trends of the Asia-Pacific – which is one of the areas of cooperation. For example, in 2021, EDB and ESCAP developed a joint study entitled "Sustainable Economic Transformation to Achieve the SDGs in North and Central Asia".
The two partners are currently embarking on a project of the same name, its implementation encompassing the expansion of sub-regional cooperation and knowledge exchange.
ESCAP is the United Nation’s largest regional commission in terms of geographical coverage and population. The Commission’s primary focus areas are environmental protection, natural resource management, investment cooperation, trade, energy and transportation.
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. 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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