UNGA appreciates EDB's positive role in and contribution to integration of EurAsEC countries

Almaty, 22 November 2012. The UN General Assembly appreciated Eurasian Development Bank’s work «supporting the development and integration of the Eurasian Economic Community member states.» This is stated in the resolution on cooperation between the UN and EurAsEC adopted at the 67th session of the General Assembly in New York.

This assessment of the Bank’s positive role in the region is a result of EDB’s proactive cooperation with the UN and its participation in EurAsEC projects.

In particular, the UN Economic Commission for Europe (UNECE) prepared in 2011—2012 with assistance from the EDB Technical Assistance Fund the Innovation Performance Reviews of Belarus and Kazakhstan. These papers studied the national innovation systems and the institutional features of the innovation policy and proposed recommendations for fostering innovation activities, developing the innovation potential and improving the overall efficiency of the national innovation systems of the two countries. The governments of Belarus and Kazakhstan have highly rated the projects and their results were recommended to be used widely in order to implement the countries’ innovation policies and be included in their legislation.

This year EDB and UNECE assess the readiness of some Central Asian countries — Kazakhstan, Kyrgyzstan and Tajikistan — for public-private partnership (PPP). The purpose of the research is to determine these countries’ needs for the development of infrastructure, to analyse strategically the factors that foster the advancement of PPP, to study areas for the implementation of pilot projects, and to prepare a plan of action for the countries that take part in the project.

In addition, EDB has provided technical assistance at the request of the EurAsEC Integration Committee’s Secretariat in the preparation of the Comprehensive Plan for the Development of Road and Rail Infrastructure included in the list of EurAsEC transport routes and the draft Blueprint for Managing the EurAsEC Single Transport Space. The projects have been implemented by the Scientific Centre for Complex Transport Problems of the Russian Ministry of Transport.

Additional Information

The Eurasian Development Bank 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. EDB’s charter capital exceeds US $1.5 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. Read more at https://www.eabr.org.