The EDB Fund for Digital Initiatives begins financing Kazakhstan’s National Digital Investment Platform
Astana, 22 October 2024. In October 2024, the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives allocated the first tranche for a project to establish a National Digital Investment Platform in Kazakhstan.
The project aligns with the digital agenda of EDB member states, aiming to accelerate the development of the digital economy. In July 2024, the EDB signed an agreement with the Investment Committee of Kazakhstan’s Ministry of Foreign Affairs and National Information Technology JSC to launch the platform.
The initiative will provide comprehensive support to investors and investment projects by integrating all participants in the investment system. It is expected to streamline interactions between government authorities and the quasi-government sector in promoting investments in Kazakhstan’s economy. The platform will coordinate and optimise the selection and registration of investment projects, the conclusion of investment agreements and their monitoring.
In addition, the project is expected to serve as a successful model of digital transformation in investment attraction and support, with the potential for implementation in other EDB member states.
The platform already has 755 registered investment projects, with part of its functions already operational. Full completion of the project is scheduled for 31 July 2025.
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 an international financial institution 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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