The EDB takes part in the New Development Bank’s Annual Meeting

04 June 2018

The Eurasian Development Bank’s (EDB) delegation headed by Andrey Beliyaninov, Chairman of the Management Board, took part in the Third Annual Meeting of the New Development Bank (NDB) in Shanghai on 28-29 May.

The delegation met with Kundapur Vaman Kamath, President of the NDB, to discuss potential investment projects in the area of infrastructure and renewable energy to be jointly financed by the banks.

It also had consultations on the development of cooperation with heads of several international financial institutions, as well as major commercial banks that attended the NDB’s Annual Meeting.

In Shanghai, Andrey Beliyaninov, Chairman of the Management Board at the EDB, had a working meeting with Rustam Minnikhanov, President of Tatarstan, to discuss the enhancement of investment cooperation between the EDB and the region.

During a series of consultations with Russian large-sized businesses, the Bank’s delegation negotiated various aspects of current investment projects and the potential launching of new promising initiatives with the financial participation of the EDB.

Andrey Beliyaninov was one of the key speakers at the Seminar titled Innovative Approaches for Mobilising Finance for Sustainable Infrastructure Development that took place as part of the NDB’s Annual Meeting.

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB’s charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The New Development Bank (NDB) was created with an objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. The bank complements the efforts of other financial institutions and promotes the establishment of a network of global, regional and local partnerships with multilateral and national development banks as well as other institutions and market players. 

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 985 765 23 59 (Moscow)                                         

Azima Sapargaliyeva +7 777 750 00 08 (Almaty)

Sergey Gorbachev +7 916 727 22 00 (Moscow)                                         

pressa@eabr.org

Back to the list