Tigran Sargsyan and Arman Shakkaliyev discuss the scaling up of Kazakhstan’s digital projects within the EDB operational space
Astana, 13 October 2023. Tigran Sargsyan, Vice Chairman of the Eurasian Development Bank’s (EDB) Management Board, and Arman Shakkaliyev, Kazakhstan’s Minister of Trade and Integration, held a working meeting in Astana.
During the meeting, the supervisor of the EDB Fund for Digital Initiatives presented the fund’s ongoing projects, including the Work in the EAEU mobile app, the BEE-ONLINE.ru international digital platform geared towards developing and scaling up light-sector businesses, and a pilot project aimed at promoting digital trade in the jewellery sector to enhance jewellery exports within the Eurasian Economic Union.
Tigran Sargsyan and Arman Shakkaliyev also discussed the possibility of determining the most effective business model for the Eurasian Commodity Distribution Network using the examples of transport and logistics hubs at Kazakhstan’s borders with the Kyrgyz Republic and Uzbekistan.
They also highlighted the potential for scaling up Kazakhstan’s digital projects in other EDB countries.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 17 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’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The EDB Fund for Digital Initiatives, which is supervised by Tigran Sargsyan, Vice Chairman of the EDB Management Board, 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 developing and financing projects. The Fund’s flagship project is the COVID-19-Free Travel mobile app used in nine CIS countries.
The EDB Media Centre:
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