The EDB Became a Member of the Green Investment Principles for the Belt and Road (GIP) International Initiative
Astana, May 21, 2025. The Eurasian Development Bank (EDB) joined the Green Investment Principles for the Belt and Road (GIP) international initiative, having upgraded its observer status to membership.
The principles were developed in November 2018 by the China Green Finance Committee and the City of London Corporation, in collaboration with international organizations such as IFC, Principles for Responsible Investment (PRI), and the World Economic Forum.
The main goal of the Principles is to create an international network of institutions to improve environmental risk management. The initiative aims to support projects that contribute to combating climate change, protecting the environment, and promoting economic development in the New Silk Road region.
As of December 2024, the GIP has brought together 49 leading global institutions across 17 countries, representing assets worth a total of US$42 trillion, such as China Development Bank, Agricultural Development Bank of China, First Abu Dhabi Bank, Trade & Development Bank of Mongolia and others. The GIP seeks to foster co-operation through its regional offices and working groups focused on transition risks, climate disclosure, and development of innovative green financial products. In Central Asia, the GIP's regional office is the Astana International Financial Centre (AIFC).
The EDB's membership in the Initiative and the accession of the Principles will strengthen and expand new partnerships for capacity-building, facilitate the exchange of experience, provide access to tools for the Principles implementation, as well as present an opportunity to participate in the elaboration of new recommendations and research on worldwide sustainable development. In 2023, the Bank contributed to the preparation of region-specific data for the joint GIP and IFCA report “Sustainable Finance in Central Asia.”
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.