The EAEU Eurasian Intergovernmental Council discusses a project of the EDB’s Digital Initiative Fund

12 October 2020

The Eurasian Intergovernmental Council’s (EIC) meeting in Yerevan discussed the Travelling without COVID-19 project developed and presented by the Eurasian Development Bank’s (EDB) Digital Initiative Fund to foster economic activity and free movement.

Nikol Pashinyan, Armenia’s Prime Minister, noted the country’s decision to support the project and stressed the importance of overcoming the consequences of the pandemic, including with wider use of new digital knowledge and technology.

The heads of EAEU governments present at the EIC meeting instructed the member states’ authorities to consider the Travelling without COVID-19 initiative and submit proposals on how to ensure its effective use.

The Travelling without COVID-19 project has been developed by the Eurasian Development Bank’s Digital Initiative Fund. Tigran Sargsyan, Deputy Chairman of the EDB Management Board, who oversees the Digital Initiative Fund, describes the project as an instrument to restart free movement that was first frozen and then restricted because of the pandemic: “We offer a unique solution to ease movement restrictions amid the pandemic. The app will help to lower the risk of the spread of the infection, enhance trust among the member states, and reduce paperwork.” Tigran Sargsyan also noted that this is a unique project, as its foreign analogues are still at the stage of conceptual discussions: “We do already have not only a concept, but an architecture with a developed system of data verification that ensures their full protection and integrity at the national level.” The Travelling without COVID-19 project is a mechanism to verify the results of tests taken by people entering another country. The project is expected to help to eliminate pandemic-related obstacles for the movement of uninfected citizens from the participating countries. This will be ensured by launching an international app that would connect national systems. The project architecture envisions the possibility of adding new important features, such as verified information about vaccinations and health insurance. The app may also be upgraded and adapted to respond to future challenges similar to the current pandemic so that project participants could avoid tough measures and restrictions in the future. Another unique aspect of the project is that it ensures full protection of personal data during cross-border exchanges, preventing their transfer to a third party at any stage of the app operation.

 

Additional Information:

The EDB’s Digital Initiative Fund was established by the EDB’s Council on 30 June 2020. The objective of the Fund is to assist EDB member states in creating digital transformation tools and practices by integrating their information resources and participating in the development and financing of projects, including those implemented under the EAEU 2025 Digital Agenda.

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

 


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