Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Askar Mamin chairs meeting of EDB: The Bank’s 2022-2026 Strategy approved

Friday, 02 July 2021, 17:22:31

At the meeting of the Council of the Eurasian Development Bank (EDB) chaired by Prime Minister Askar Mamin, the EDB Strategy for 2022-2026 was approved.

In the coming period, the EDB will focus on the implementation of cross-border investment projects with an integration effect. The total volume of the Bank's investments over the five-year period will amount to $10.9 billion.

The EDB's efforts will be aimed at implementing such large investment projects as the Europe-Western China transport and digital corridor, the EAEU+ unified commodity distribution network and the water and energy complex of Central Asia.

It is planned to develop separate strategies for each of the member countries of the Bank, taking into account the macroeconomic characteristics of the region. In order to achieve sustainable development goals, the EDB will expand project activities in the countries of minority shareholders, bringing the total investment in Armenia, Kyrgyzstan and Tajikistan to $500 million.

One of the priority areas of EDB’s work will be the further development of digital skills and infrastructure in the framework of creating the EAEU+ Single Digital Space. To implement the tasks set, in June 2020, the Bank created the Digital Initiatives Fund, which is currently working on about 20 projects. The first implemented project of the Fund was the mobile application "Traveling without COVID-19" for verification at the interstate level of data on PCR testing of visitors.

By 2027, the EDB intends to become a leader in initiating, structuring and arranging financing for new projects in the region with the participation of national and international development institutions. At the same time, in order to obtain a credit rating of category A, it is planned to expand the composition of shareholders and attract additional funds to the capital of the Bank.

In 2020, the EDB signed agreements on 18 new projects for $1.336 billion. The Bank's current investment portfolio was increased to $4.4 billion, the maximum value for all years of operation. At the same time, the share of projects with an integration effect was 64.3%. Net profit for 2020 amounted to $32.6 million.

The Bank's financial stability is confirmed by high ratings from rating agencies: Moody's – Baa1, Fitch – BBB+, Standard & Poor's – BBB, ACRA – A-. National scale ratings: Fitch – AAA (KAZ), ACRA – AAA (RU).

The EDB pays special attention to supporting the development of the "green economy" – financing of new projects in the field of renewable energy sources was secured, a share in the authorized capital of the Green Finance Center under the Astana International Financial Center was acquired, and active work in this area is being carried out jointly with UN organizations.

The Bank's settlement and payment system is successfully operating, which allows cross-border payments in national currencies through the EDB's correspondent accounts with the national banks of the member countries.


News feed
27 October 2021, 17:15
How Nurly Zhol program is changing Kazakhstan: Modern highways and new directions
26 October 2021, 10:42
Youth unemployment rate decreased in Kazakhstan — Serik Shapkenov
26 October 2021, 10:32
Incidence of CVI decreased by 4.5 times, mortality rate by 4.8 times over past two months in Kazakhstan — Alexey Tsoy
26 October 2021, 09:55
According to results of 9 months of 2021, over 1 million Kazakhstanis covered by employment measures
26 October 2021, 09:43
Askar Mamin instructs to strengthen epidemiological control at state border
25 October 2021, 20:06
Yeraly Tugzhanov holds meeting on development of science
25 October 2021, 15:16
Askar Mamin discusses with Deputy Prime Minister of Hungary Mihály Varga prospects for expanding cooperation between two countries
25 October 2021, 14:21
Government session to be held Oct. 26 in Ukimet Uyi
23 October 2021, 17:58
Alikhan Smailov participates in opening ceremony of Alley of Financiers
23 October 2021, 12:31
Stabilization of food prices is of paramount importance — Askar Mamin
22 October 2021, 18:31
Askar Mamin discusses issues of environmentally sustainable economic development with EU ambassadors
22 October 2021, 18:17
Roman Sklyar pays working visit to Seoul
22 October 2021, 15:44
Ruslan Sakeyev appointed Vice Minister of Labor and Social Protection of the Population of the Republic of Kazakhstan
22 October 2021, 14:33
Government hosts meeting on implementation of instructions of the Head of State given at APK Council meeting
22 October 2021, 13:25
Quality Education "Educated Nation" — Aimagambetov speaks about main directions of national project
21 October 2021, 17:22
Transportation of goods across Kazakh-Chinese border discussed by Deputy Prime Ministers of the two countries
21 October 2021, 17:11
Ulttyq Ruhani Zhangyru. Aida Balayeva reports on main directions of national project
21 October 2021, 16:02
Askar Mamin inspects progress of reconstruction of largest highway in Western region
20 October 2021, 20:25
Prime Minister of Kazakhstan Askar Mamin holds telephone conversation with Prime Minister of the Russian Federation Mikhail Mishustin
20 October 2021, 16:33
Prime Minister Askar Mamin chairs meeting of Commission on Digitalization
20 October 2021, 10:46
Yerzhan Yerkinbayev appointed Vice Minister of Culture and Sports of the Republic of Kazakhstan
19 October 2021, 11:23
Alikhan Smailov chairs meeting of Interdepartmental Commission on foreign trade policy and participation in international economic organizations
19 October 2021, 10:46
Covid-19 incidence in Kazakhstan decreased by 17% over past two weeks — Ministry of Healthcare
19 October 2021, 10:30
In 2021, 106 billion tenge allocated for development of villages under Auyl - El Besigi project — Aset Irgaliyev
19 October 2021, 09:39
Askar Mamin instructs to ensure integrated and unified approach to development of rural areas
19 October 2021, 09:24
Over 8 million Kazakhstanis received first component of coronavirus vaccine
18 October 2021, 15:09
Government session to be held Oct. 19 in Ukimet Uyi
18 October 2021, 15:09
Increasing labor productivity, export production and income of rural residents — what tasks are posed by national agro-industrial complex
16 October 2021, 12:21
Askar Mamin instructs to increase efficiency of work of akimats on stabilizing prices
15 October 2021, 18:30
Healthy nation. What areas does national project of the Ministry of Healthcare include
15 October 2021, 11:34
Talgat Momyshev appointed Vice Minister of Ecology, Geology and Natural Resources
14 October 2021, 20:42
Yeraly Tugzhanov and UN Assistant Secretary General discussed priority areas of cooperation between Government of Kazakhstan and UNDP
14 October 2021, 18:06
Askar Mamin inspects implementation of large transport infrastructure projects
13 October 2021, 20:21
Revaccination, work of business facilities and herd immunity — Yeraly Tugzhanov chairs meeting of Interdepartmental Commission
12 October 2021, 15:26
Government discusses issues of cooperation between Kazakhstan and OECD
12 October 2021, 13:19
Government presents national projects for development of Kazakhstan
12 October 2021, 12:47
For 9 months of 2021, positive growth dynamics remained in all economic sectors — Aset Irgaliyev
12 October 2021, 10:27
Government approves national development projects
12 October 2021, 09:42
Pace of economic recovery in Kazakhstan accelerated to 3.4% over 9 months
11 October 2021, 17:45
Prime Minister Askar Mamin meets with leadership of Chevron
11 October 2021, 17:07
Government session to be held Oct. 12 in Ukimet Uyi
11 October 2021, 12:52
Government approves postponement of holidays in 2022
11 October 2021, 09:20
Askar Mamin's visit to the UAE: Pool of new joint projects to exceed $6 billion
09 October 2021, 12:37
Askar Mamin holds meeting on prices for socially significant food products, fuels and lubricants
09 October 2021, 07:59
Yeraly Tugzhanov takes part in opening of Palace of Arts in Uralsk
08 October 2021, 20:23
Yeraly Tugzhanov visits social facilities of West Kazakhstan region
08 October 2021, 17:43
Council on Improving Investment Climate considers development of alternative energy
08 October 2021, 08:25
Askar Mamin discusses implementation of joint projects in petrochemical industry with Head of SIBUR Dmitry Konov
06 October 2021, 15:02
Askar Mamin meets with Head of World Customs Organization Kunio Mikuriya
05 October 2021, 18:28
Yerlan Aukenov relieved as Vice Minister of Labor and Social Protection of Population
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.