Central Asia receives nearly 57% of all Asian investments, totaling US $68 billion. The key recipients are Kazakhstan, Uzbekistan, and Turkmenistan. This was stated in the Eurasian Development Bank (EDB) report titled "The Eurasian Region and Partner Countries in Asia: Analysis of Investment Flows Based on EDB Mutual Investment Monitoring." According to the report, the … [Read more...]
The EDB has outlined seven key areas for cooperation among multilateral development banks
The EDB has proposed a partnership roadmap for MDBs. The Bank's new research “Cooperation of Multilateral Development Banks in Emerging Markets and Developing Countries: Untapped Opportunities” contains seven specific areas for MDB cooperation, ranging from financial resources to regional expertise. According to EDB analysts, this approach will enable MDBs to combine their … [Read more...]
Central Asia poised to become Trillion Dollar Economy by 2035
Central Asia, as a region, has shown remarkable growth across economic indicators in 2025. According to the Moderate Scenario, the region may gain the status of a Trillion Dollar Economy by 2035. Current Economic Baseline According to the most recent data, Central Asia's combined GDP reached $519 billion in 2024 China Daily. The latest forecast from Evgeny Vinokurov, … [Read more...]
Eurasian Economies to Grow by up to 9.3% in 2026: EDB Publishes New Macroeconomic Outlook
18 December 2025 The Eurasian Development Bank (EDB) has presented its Macroeconomic Outlook for 2026–2028. According to EDB analysts, investment activity and domestic demand will remain the key drivers of growth in most countries of the region, despite moderate global economic expansion and persistently elevated interest rates. Key takeaways: More about the … [Read more...]
Central Asia Economic Outlook 2025: A Comprehensive Survey of Macroeconomic Indicators and Projections
Editor’s Note: This report is experimental in nature. We have taken the data from IMF, World Bank, ADB, EBRD, and EDB and attempted to arrive at mean economic indicators. All of these financial institutions have their own methodologies because of the differences in their particular focus. This leads to the economic indicators being assessed differently by the different … [Read more...]
The 2035 Eurasian Transport Network: over 300 infrastructure development projects with a total investment of over $234 billion
The EDB presents its Transport Projects Observatory, a tool for monitoring and coordinating the infrastructure development in the course of the implementation of the Eurasian Transport Network unique concept developed by the Bank. The Observatory is a database and an interactive map of transport corridor development projects implemented in 13 Eurasian countries. As of July 1, … [Read more...]
Central Asian Actions on Water Might Carry Lessons to the World, says EDB Chief Economist
Evgeny Vinokurov, Vice-Chairman and Chief Economist of the Eurasian Development Bank (EDB), presented the EDB research on Central Asia’s water and energy challenges at the ADFIAP Annual Meeting 2025 in Muscat. The plenary session highlighted urgent issues and actionable strategies for sustainable water management in the region. The key findings of the EDB’s think … [Read more...]
Türkiye’s investments in the Eurasian region: significant growth and diversification
According to the latest Report of the Eurasian Development Bank "The EDB Monitoring of Mutual Investments (EDB MMI) on the Eurasian Continent", the volume of Türkiye’s stock foreign direct investment in the countries of the Eurasian region reached $ 12.3 billion at the end of the first half of 2024. This represents a significant increase of 34% compared to 2016 and 8.8% … [Read more...]
INTERVIEW: Central Asia to grow by diversifying, says EDB chairman
Central Asia’s economic story is one of impressive growth, but to sustain this trajectory and achieve sustainable, long-term development, the region must diversify beyond its raw material sectors. According to Nikolai Podguzov, chairman of the board of the Eurasian Development Bank (EDB), which has invested in a broad range of sectors in the region, while Central Asia has … [Read more...]
TIF 2024: Russia’s Underutilized Export Potential to Turkmenistan: A $200 Million Opportunity
According to Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, Russia's unrealized export potential to Turkmenistan amounts to a significant $200 million. This announcement was made during the plenary session of the Turkmenistan Investment Forum (TIF 2024) in Ashgabat. The trade turnover between Turkmenistan and Russia for the first seven … [Read more...]
Central Asia has high level of self-sufficiency in food products
The latest data from the Eurasian Development Bank (EDB) shows that the Central Asian countries have a high level of self-sufficiency in most food products. Nevertheless, the bank notes that there is the shortage of certain types of products. A short report by Kazinform, citing the data from the EDB gives the following picture : The level of self-sufficiency in most … [Read more...]
Macroeconomic Review of EDB upbeat on growth in member countries
The Eurasian Development Bank (EDB) has issued its periodical macroeconomic review of its member countries. On the whole, it reflect a positive picture of the growth pattern in its region of operations. The report says: Analysts of the Eurasian Development Bank (EDB) have released the latest Macroeconomic Review for the Bank's six member states. EDB's analysts note … [Read more...]
Eurasian Development Bank, the Islamic Development Bank and the Emirati consulting company join forces to introduce Islamic finance in Central Asia
At the end of June, the Eurasian Development Bank (EDB) concluded two agreements on the development of Islamic finance in Central Asia. This includes: Memorandum of Understanding between the Islamic Development Bank (IsDB) Institute and the EDB on the Development of Islamic Finance in Central Asia Cooperation agreement between EDB and Dar Al Sharia on Islamic … [Read more...]
From East to West and from North to South: The Future of the Eurasian Transport Network
The EDB has identified ten systemic elements of the Eurasian Transport Network Concept. This concept aims to establish and enhance sustainable, accessible and efficient transport links across Eurasia. The concept is detailed in a report that reviews the current situation, provides development projections for five key transport corridors in Eurasia and presents key projects and … [Read more...]
EDB Report: Infrastructure in Eurasia: short-term and medium-term trends
The Eurasian Development Bank’s (EDB) latest report titled Infrastructure in Eurasia: Short-Term and Medium-Term Trends highlights ten significant trends in the region’s energy, transportation, logistics, water supply and telecommunications sectors. Through meticulous monitoring, the EDB has identified ten important short- and medium-term investment and institutional … [Read more...]
EDB: mutual direct investments among Central Asian countries grow at 9.2% per year on average over the past seven years
The volume of foreign direct investment (FDI) in Central Asia is estimated at US$ 1.1 billion by the end of the H1 2023, marking a 1.8-fold increase from 2016. This is stated in the report of the Eurasian Development Bank "EDB Monitoring of Mutual Investments 2023". EDB analysts note that by mid-2023, the volume of FDI from Eurasian countries reached US$48.8 billion, … [Read more...]
The EDB proposes ten practical steps to preserve irrigated land potential and support water conservation in Central Asia
In the summer of 2023, Central Asia was faced once again with water shortages and the significant impact these have on agriculture. The sector relies on irrigation, consuming up to 80% of available water, and has a poor track record with regard to the efficient use of water resources. The irrigation infrastructure is over 50 years old. More than half of all irrigated land has … [Read more...]
Eurasian Development Bank: By 2035, the capacity of hydroelectric power plants in Central Asia will grow by 8,900 MW
In 2028-2029, Central Asia will face a permanent and persistent water scarcity. The water deficit is estimated at about 5-12 cubic kilometers annually. At the same time, the demand for electricity in Central Asia is expected to increase significantly over the next 10 years. Nikolai Podguzov, Chairman of the Eurasian Development Bank (EDB) Management Board, noted the above when … [Read more...]
EDB is ready to invest US $400 million in Central Asia’s water and energy complex
The Eurasian Development Bank (EDB) intends to invest US $400 million in Central Asia’s water and energy complex over the next three years, said Nikolai Podguzov, Chairman of the Eurasian Development Bank Management Board, at the UN 2023 Water Conference in New York. “Central Asia’s water and energy complex is one of the Bank’s top priorities per its medium-term strategy. … [Read more...]
Climate change – Central Asia is united at various platforms including CAREC
Central Asia is fully conscious of the challenges posed by the climate change, global warming and related complications. The region is united for the sake of the shared future. Regional Environmental Center for Central Asia (CAREC) is among the various platforms that bring the countries of Central Asia together for dealing with issues related to climate change. Here are … [Read more...]
EDB to finance hydroelectric power plant project in Kyrgyzstan
The Eurasian Development Bank (EDB) will finance the construction and operation of 100MW Kulanak hydroelectric power plant in Kyrgyzstan worth about US $ 118 million. The plant will generate 435 million kWh of electricity per year on average. This renewable energy facility will occupy an area of 485.41 hectares on the Naryn River near the village of Kulanak, Naryn Region, … [Read more...]
The EDB to channel most of its investment in Kazakhstan’s projects in 2023
Kassym-Jomart Tokayev, President of Kazakhstan, met with the head of the Eurasian Development Bank (EDB) Nikolai Podguzov. In 2023, the Bank plans to invest over US $1.1 billion in Kazakhstan and promote international investment in Kazakhstan’s projects. The priority sectors are transport infrastructure and logistics, manufacturing, agriculture, green energy and water … [Read more...]
Foreign direct investments between CIS countries and China, Iran, Arab states exceed US $75 billion – EDB Report
The EDB (Eurasian Development Bank) has issued a report on the mutual foreign direct investments (FDI) of the CIS countries with China, Iran and the Arab world. The report was issued on 20 December 2022. Here we are producing the EDB story on the report. The links to this story at the EDB website and the URL for downloading the complete report from the EDB website are … [Read more...]