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 : […]
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 […]
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 […]
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 […]
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 trends affecting Eurasia’s infrastructure. These trends hold practical value and […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 resources. Nikolai Podguzov said […]
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 […]