The EDB discusses digital initiatives and AI developments with Kazakhstan’s Ministry of Digital Development
Almaty, 3 February 2025. Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board, met with Zhaslan Madiyev, Kazakhstan’s Minister of Digital Development, Innovation and Aerospace Industry, on the sidelines of the Digital Almaty 2025 Forum.
The discussion focused on key areas of strategic cooperation, including projects of the EDB Fund for Digital Initiatives in Kazakhstan. These include the National Digital Investment Platform, Astana’s transport model, a risk management system for broadcasting in Kazakhstan and the international GovStack initiative in partnership with the United Nations.
The Minister highlighted the development of artificial intelligence (AI) as a government priority, emphasising plans to establish a state AI platform and AI agents. Tigran Sargsyan confirmed the EDB’s interest in financing such projects.
The parties also explored potential cooperation in venture capital. The Bank expressed its readiness to support the establishment of a fund of funds in Kazakhstan – an initiative previously announced by Prime Minister Olzhas Bektenov at Digital Almaty 2025.
The EDB will continue to support digital initiatives in Kazakhstan, contributing to the country’s innovative development.
Additional Information:
The EDB Fund for Digital Initiatives was established in June 2020. Its objective is to assist the EDB member states in creating digital transformation tools and practices by integrating their information resources and participating in the development and financing of projects. The Fund’s flagship project is the COVID-19-Free Travel mobile app used in nine CIS countries.
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. 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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