The President of Kazakhstan met with the Chairman of the EDB Board: 20-year long Bank activity and new investment plans
Astana, April 10, 2026
The meeting focused on the results of two decades of the Eurasian Development Bank activity and the prospects for further expansion of investment cooperation.
President Kassym-Jomart Tokayev congratulated the EDB on its 20th anniversary and pointed out that the Eurasian Development Bank is one of Kazakhstan's key partners in implementing strategically significant projects.
Nikolai Podguzov presented the Head of State with the EDB forecasts that expect Kazakhstan's GDP to maintain steady growth of at least 5.5% in 2026 due to continuous investment activity, large-scale infrastructure programs, stable domestic demand and solid social indicators.
The President was informed that during the implementation of the EDB's Strategy 2022-2026, the total volume of investment reached US $9.2 billion. US $5.2 billion were invested in the economy of Kazakhstan, which is comparable to the Bank's investment over the previous 15 years. About US $2.1 billion have been allocated for industrial development, $1 billion – for energy, $1 billion – for transport infrastructure, and $1.1 billion went to the financial sector. Special attention has been paid to supporting digitalization and introducing artificial intelligence technologies.
Kassym-Jomart Tokayev noted the significant expansion of the Bank's geographical presence. In his opinion, this contributes to the implementation of new initiatives and the strengthening of regional economic integration.
The meeting resulted in the affirmation of the parties' mutual interest in further development of strategic partnership and investment cooperation to enhance Kazakhstan's sustainable economic development.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of December 2025, the EDB’s cumulative portfolio comprised 326 projects with a total investment of US $19,6 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 is implementing three mega-projects as part of its 2022–2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.
The EDB Media Centre:
+7 (727) 244 40 44, ext. 4774 and 2160
