The EDB Fund for Digital Initiatives showcases tools for digitalising transport and logistics at an international forum in Minsk
Minsk, 17 September 2024. Sevak Sarukhanyan, Director of the Directorate of Digital Initiatives at the Eurasian Development Bank (EDB), presented the Fund for Digital Initiatives’ capabilities in financing and supporting digital logistics projects at the 14th International Transport and Logistics 2024 Forum in Minsk. He highlighted the EDB’s strategic priority of developing a digital transport corridor in Eurasia.
Sevak Sarukhanyan delivered his presentations during the expert session titled “Impact of Digitalisation on Changes in the Supply Chain Business Processes” and the plenary session on “Freight Transportation Development and the Digitalisation of International North–South and East–West Transport Corridors”. He showcased the diverse range of instruments offered by the EDB Fund for Digital Initiatives to finance digital transport and logistics services. Additionally, he outlined the Bank’s extensive capabilities in supporting soft and hard infrastructure for transport projects.
The presentation also focused on the need to address key regulatory challenges, which pose significant barriers to the development of digital corridors. In particular, Sarukhanyan stressed the importance of establishing a cross-border identification system, adopting a unified digital document for freight transport and enabling legally significant digital interactions between businesses and government agencies.
The Transport and Logistics 2024 Forum has become a pivotal platform for discussing and shaping the digital transformation strategy for the transport sector. The forum also featured the Belarusian Transport Week 2024 and the International Conference titled “Digital Transformation in Transport and Logistics: Status and Prospects,” where many speakers referenced the EDB’s report on the Eurasian Transport Network, underscoring its significance for the development of this transport system.
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. 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.
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 EDB Media Centre:
+7 (727) 244 40 44, ext. 6148