The EDB and Kazakhstan’s Ministry of Trade and Integration intend to implement digital integration projects in the country and EAEU member states
Almaty, 4 February 2021. The Eurasian Development Bank (EDB) and the Ministry of Trade and Integration of the Republic of Kazakhstan (MTI) signed a memorandum of cooperation to establish and develop long-term, mutually beneficial cooperation in implementing digital trade projects in Kazakhstan and other EDB member states.
According to the memorandum, the parties intend to boost the involvement of the private sector, including small and medium-sized businesses and scale up the best digital trade solutions in Eurasia.
The parties to the document intend to cooperate in the following areas: promoting non-primary exports; developing domestic trade; improving trade infrastructure; advancing exchange and electronic trade; involving small and medium-sized businesses in integration by applying digital solutions in Eurasia; and working out possible financing options for the MTI’s projects.
“We have a very important and pressing task to develop digital projects that would contribute to the advancement and integration of the Eurasian countries,” said Amangeldy Issenov, Deputy Chairman of the EDB Management Board. “As a leading multilateral development bank in the region, we are interested in participating and assisting in the projects implemented by the Ministry using the EDB’s expertise and financial instruments.”
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 by Russia and Kazakhstan and is headquartered in Almaty. Transport infrastructure, energy, chemical, mining, and mechanical engineering projects with a high integration effect account for the main part of the EDB’s portfolio.
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
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Sergey Gorbachev +7 (916) 727 22 00 (Moscow) pressa@eabr.org