The EDB and the Partner Centre for Technology Development to promote smart city best practices
Moscow, 15 February 2022. The Eurasian Development Bank’s (EDB) Fund for Digital Initiatives and the Partner Centre for Technology Development will support and take part in the development of smart city technologies. The relevant memorandum was signed by Tigran Sargsyan, Vice Chairman of the EDB Management Board and supervisor of the Fund for Digital Initiatives, and Sergey Zinchenko, CEO of the Partner Centre for Technology Development.
The Fund for Digital Initiatives continues to build competencies and develop partnerships to identify and review best practices in the EDB countries that will help develop smart city systems and scale them across Eurasia.
Located at the Skolkovo Innovation Centre, the Partner Centre for Technology Development is a development institution that arranges international research and helps transfer technology. The centre pays particular attention to advanced end-to-end technologies (including Industry 4.0 technologies) conducive to the achievement of the Sustainable Development Goals.
According to the memorandum, in addition to smart city initiatives, the Fund for Digital Initiatives and the Partner Centre for Technology Development intend to jointly support innovative solutions in healthcare digitalisation, green technology projects, and environmental monitoring in Eurasia. The sides plan to design and implement digital solutions by building digital ecosystems and to consider participating in the development and launching of pilot digital transformation projects in Eurasia.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
The Eurasian Development Bank’s Fund for Digital Initiatives was established by the Bank’s Council on 30 June 2020. The Fund’s objective 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 Eurasian Economic Union’s Digital Agenda 2025. The Fund’s priorities in Tajikistan will be to ensure the country’s energy security by developing small hydro and solar energy, reconstruct the power grid, ensure food security by developing agricultural processing, diversify manufacturing, develop entrepreneurship by setting up manufacturing enterprises and supporting small and medium-sized businesses, promote digital transformation by taking part in the development of digital solutions aimed at strengthening integration ties, and support public and corporate digital projects.
The EDB Media Centre:
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)