The EDB Has Allocated $1m to Eliminate the Consequences of Floods in Kazakhstan

16 May 2024

Almaty, May 16, 2024. The Eurasian Development Bank (EDB) has decided to allocate funds to help eliminate the consequences of the massive floods in several regions of Kazakhstan; this year's floods became the largest natural disaster in the country over the past 80 years.

"Realizing the importance of the situation in Kazakhstan, we have provided financial assistance in the amount of $1 m to support the regions affected by the flooding," said Nikolai Podguzov, Chairman of the EDB Management Board.

In addition, the EDB decided to scale down its 2024 Annual Meeting and Business Forum by excluding promotional events.

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 $7 bln. Its 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.

The EDB Media Centre:

+7 (727) 244 40 44, ext. 6147


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