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Eurasian Development Bank, Dostyk Avenue 220 A, Alma-Ata (2026)

31/12/2025

As we welcome the New Year, we extend our sincere wishes for prosperity, stability, and continued growth to our partners, stakeholders, and communities.

May the year ahead bring new opportunities for cooperation, sustainable development, and shared success.

Happy New Year!

22/12/2025

🌍 The Eurasian Development Bank (EDB) Opened Office in Abu Dhabi 🇦🇪 to Launch GCC Investment Platform

We have taken an important step toward deepening financial cooperation between and the Gulf by opening our representative office at ADGM, . The opening ceremony was attended by Salem Al Darei, CEO of Authority, who highlighted that EDB’s presence at ADGM reinforces Abu Dhabi’s position as a global conduit for capital and will support stronger investment links with Central Asia.

As Chairman of the Management Board, Nikolai Podguzov noted, the new office strengthens EDB’s role as a bridge between regions — combining deep regional expertise with tailored financial instruments.
• Gulf investors gain access to a diversified portfolio of reliable, high-impact projects
• while Central Asian countries receive new opportunities for long-term development financing.

A major initiative is the launch of a specialised credit fund registered in ADGM to support infrastructure development. EDB will act as a structuring partner and co-investor, providing efficient investment solutions and a strong project pipeline.

This expansion builds on growing engagement from Middle Eastern partners. In 2025, EDB successfully placed AED 385 million (USD 104 million) in dirham-denominated bonds — confirming strong demand for the Bank’s instruments.

Why Central Asia?
📊 Trade between Central Asia and the grew 4.2× over the last five years.
🚚 Key sectors: & , & , .
🕌 is projected to reach $6.3B in banking assets and $5.6B in sukuk by 2033.

The new Abu Dhabi office further strengthens EDB’s role as a connector of regions — linking Gulf capital with reliable, high-impact opportunities across Central Asia.

We express our sincere appreciation to X12 Capital for their valuable support.

12/12/2025

🌐Emphasizing the Critical Role of Development Banks in Standardization of Islamic Finance at

At the Summit, Azamat Tyuleubay, Senior Managing Director at the Eurasian Development Bank ( ), took part in a high-level panel discussion on advancing standardization and regulatory alignment across global markets. The session, moderated by Osama Ali, Director of Programs & Accreditation at ADGM Academy, also featured Renat Bekturov, CFA, Governor of the (Astana International Financial Centre), and Arifa A. Ala, Assistant Governor of the Central Bank of the Philippines.

During the discussion, Azamat Tyuleubay emphasized the pivotal role that multilateral development banks play in reducing fragmentation and strengthening regulatory coherence across the ecosystem. “As Islamic finance expands across regions, one of the biggest challenges—particularly in Central Asia—is fragmentation. We need to bring the region closer to globally recognized standards and norms,” he noted.

📌He underlined that development banks, given their cross-border mandate, are uniquely positioned to create structured platforms for collaboration between regulators, Shariah scholars, AAOIFI, IFSB, and market participants. Such cooperation, supported by unified frameworks and consistent practices, is essential to strengthening trust, reducing duplication, and unlocking the full potential of Islamic finance across regions.

03/12/2025

🚚 The EDB Supports Tajikistan’s Logistics Infrastructure Development

The Eurasian Development Bank, the Ministry of Transport of , and the Centre for the Implementation of PPP Projects at the State Committee on Investment and Public Property Management of Tajikistan have signed a trilateral Technical Assistance Agreement in .

The document was signed by:
• Ruslan Dalenov, Vice Chairman of the EDB Management Board
• Saidmurodzoda Shoista, Deputy Minister of Transport of Tajikistan
• Alisher Faizaliyev, Director of the Centre for the Implementation of Projects

This agreement launches an Technical Assistance Fund (TAF) project to:
🔹 Develop a preliminary feasibility study for a transport and logistics centre at the Fotehobod border crossing
🔹 Strengthen national competencies in assessing PPP-based infrastructure projects

Developing modern logistics is a key priority of Tajikistan’s 2023–2028 State Logistics Development Programme, which aims to upgrade assets, improve project preparation, and attract into the sector.

The TAF project will enhance the quality of infrastructure project preparation, strengthen institutional and professional capacity, and lay the groundwork for future large-scale investments. This initiative is a key step in advancing Tajikistan’s transport and ecosystem, boosting investment appeal, and supporting regional trade flows, while aligning with the EDB’s mandate to promote , , and economic growth.

25/11/2025

🌍 EDB launches its first Islamic finance project in the real sector

The Eurasian Development Bank and Eastcomtrans have signed a General Commodity Murabaha Agreement in Astana — an important step for the Bank as it expands its range of financial instruments.

The agreement was executed by Ruslan Dalenov, Vice Chairman of the Management Board, and Almas Abaideldinov, CEO of .

This marks the Bank’s first Islamic finance project within its Islamic window, introducing an internationally recognised Commodity mechanism aimed at supporting sustainable and alternative financing solutions across member countries.

The partnership with Eastcomtrans, Kazakhstan’s largest private rolling stock operator, will help finance railcar overhauls, maintenance and repairs — strengthening freight efficiency, and logistics .

This initiative strengthens the EDB’s role as an international development institution offering a wider range of tailored financial solutions.

📌 Murabaha is an Islamic financing instrument in which the price of a commodity includes an agreed profit margin paid in instalments.

24/11/2025

The Eurasian Development Bank held a presentation in , signing 6 cooperation agreements with government bodies and leading companies in . The event strengthened strategic partnerships and highlighted new avenues for collaboration.

First Deputy Minister of Finance of the Republic of Tajikistan, Yusuf Majidi, emphasised the importance of cooperation with the EDB for the country’s sustainable growth amid global challenges. Ruslan Dalenov, Deputy Chairman of the Management Board, highlighted the Bank’s regional strategy and its commitment to supporting member states through investment, analytical, and partnership tools.

Alexander Zaboev, Head of the EDB Centre for Integration Studies, shared key macroeconomic and sectoral insights on Tajikistan. He noted that the Eurasian Transport Network could cut logistics costs in the region by up to 20%, while water management remains a priority: irrigated land in Tajikistan may reach 808,000 hectares by 2040, requiring around $567 million to modernise systems and techniques.

Vladimir Yakunin, EDB Director for Tajikistan, outlined the Bank’s $48 million pipeline of potential projects. He also highlighted ten Technical Assistance Fund projects worth $2.4 million, supporting investment, , and human capital development.

Alexander Petrov, Director of Digital Initiatives at the EDB, presented ongoing projects of the Fund for Digital Initiatives, including the digital platform for the Dushanbe electronic city map — a key tool for data-driven urban management — as well as the international B2B cooperation platform.

06/11/2025

🌿 Driving Climate Finance in Central Asia: at the Dushanbe Investment Forum 2025

Evgeniya Klochkova, Head of the Office for Sustainability, represented the Eurasian Development Bank as a keynote speaker at the Dushanbe International Investment Forum 2025.

We had a great opportunity to join a distinguished panel featuring Yusuf Majidi Khairullo, First Deputy Minister of Finance of the Republic of Tajikistan; Ainur Zhakupova, Deputy Director of External Review at the AIFC Green Finance Center; Holger Wiefel, Head of the EBRD in Tajikistan; Murat Seitnepesov, President of the Great Caspian Association; and Oliver Herrmann, Managing Director of Climate and Company. The discussion was moderated by Rostislav Vrbenski, Head of AvantGarde Ideas and former UNDP Country Director in Tajikistan. 
During the discussion, panelists exchanged views on policies for scaling up green finance, best practices for climate-aligned investments, and collaboration opportunities in sustainable finance, among other key topics.
Evgeniya presented the EDB’s approach to sustainability, noting that our green portfolio now totals nearly $1.2 billion, with 97% directed toward climate mitigation projects. She also highlighted the Bank’s Technical Assistance Fundand our joint research with the CAREC Institute on the prospects of carbon pricing in Central Asia and Azerbaijan. (read the full paper at https://eabr.org/en/analytics/special-reports/carbon-pricing-policy-opportunities-in-central-asia-and-azerbaijan/) 
During the panel session, Tajikistan announced the issuance of its first sovereign green bonds — a landmark achievement in the region’s sustainable finance agenda. We extend our congratulations on this important milestone and our gratitude to the Ministry of Finance of the Republic of Tajikistan for organizing and hosting such an insightful discussion.

31/10/2025

How $22 Trillion in Private Capital Can Become a Driver of Development: at in Riyadh🇸🇦

The Chairman of the Management Board of the Eurasian Development Bank, Nikolai Podguzov, participated in one of the world’s leading investment forums — the Future Investment Initiative (FII9) in Riyadh. The discussion focused on the $4 trillion annual SDG financing gap and how Multilateral Development Banks (MDBs) can play a greater role in closing it.

In his remarks, Nikolai Podguzov outlined several key priorities for strengthening the role of MDBs and mobilizing private capital for sustainable growth:

💡 Scaling MDB Impact: MDBs currently invest around $180 billion annually — far below global needs. We call for doubling MDBs’ capital and strengthening cooperation to attract more private investment.

💰 Unlocking Private Assets: Over $22 trillion in private capital remains untapped due to risk–return imbalances. Reducing risks and improving project profitability could redirect this capital toward sustainable development.

🌍 Regional Expertise: The EDB’s near-zero non-performing loans reflect its early project involvement and deep understanding of Central Asia — a region growing at over 6% annually.

🤝 Stronger Partnerships: Collaboration between global and regional banks is key to managing local risks and mobilizing investment more effectively.

✅ Building Trust: MDBs’ transparency, sound project evaluation, and development-focused missions foster investor confidence and long-term engagement.

Participants including H.E. Dr. Sidi Ould Tah (African Development Bank Group), Ilan Goldfajn (Inter-American Development Bank), Makhtar Diop (IFC - International Finance Corporation) and Yazeed bin Saleh AlYahya (Saudi Eksab for International Investments Company) agreed that MDBs’ mission is not profit, but sustainable, inclusive — achieved through transparent, well-structured investment mechanisms that give investors confidence and deliver real development impact.

16/10/2025

EDB and ADFD Strengthen Partnership for Sustainable Development

During the 2025 Annual Meetings of the and IMF in Washington D.C., the Eurasian Development Bank (EDB) signed a Memorandum of Understanding with the Abu Dhabi Fund for Development (ADFD), establishing a framework for strategic, technical, and operational cooperation to advance sustainable socioeconomic development in regions of mutual interest.

The agreement was signed by Nikolai Podguzov, Chairman of the Management Board of the EDB, and His Excellency Mohamed Saif Al Suwaidi, Director General of the ADFD, who noted:
“The signing of this Memorandum of Understanding with the Eurasian Development Bank aligns with the UAE’s commitment to advancing international cooperation and building partnerships that drive sustainable economic growth. The agreement reflects ADFD’s strategic approach to strengthening collaboration with regional and international financial institutions to unify efforts, exchange knowledge, and co-finance impactful projects that develop infrastructure, stimulate long-term socioeconomic development, and deepen economic connectivity between the UAE and the broader Eurasian region.”

This Memorandum of Understanding builds on the EDB’s earlier successful cooperation with the ADFD, including the Fund’s support for the EDB’s AED-denominated bond issuance in the UAE capital markets earlier this year.

22/09/2025

Join us at Peking University — MDBs: Scope, Impact, and Challenges Ahead.

On Thursday, 25 September 2025, 15:00–16:00 (Beijing, GMT+8), Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), will speak at the 45th NSE International Development Forum (Zhifuxuan Conference Room, Langrun Garden) hosted by the Institute of New Structural Economics at Peking University.

The talk will review today’s multilateral development bank (MDB) system and show how global and regional MDBs work together — from policy advice to risk-mitigation tools and cross-border project finance. It will also examine pressing challenges, including the need to align climate goals with limited concessional resources and to improve the bankability of complex infrastructure initiatives.

The session will further highlight the roles of AIIB and NDB in co-financing and advancing sustainable infrastructure standards. The conclusion will be an interactive Q&A, giving participants the chance to join the discussion.

Seats are limited (50) and intended for PKU students and faculty.
Registration required: https://mp.weixin.qq.com/s/dUvZPYcAP0Eoww8udXuzGA

📌 A recording of the session will be shared after the event.

Speaker: Nikolai Podguzov has led the EDB since 2020 and is a frequent speaker at major international forums; his experience spans investment, development banking, and regional economic integration across the CIS and Central Asia.

10/09/2025

Exploring Trade and Investment Relations between and : Unlocking Economic Benefits: the first joint report by the and .

This report focuses on a comprehensive analysis of the current state and potential for improving bilateral and relations between India and Central Asia.

Key findings:
1. The economies of Central Asia and India are among the fastest-growing in the world. Over the past 15 years, the size of their economies has doubled.
2. Mutual trade between India and Central Asia exceeds USD 2 billion. India’s key exports to Central Asia are pharmaceutical products, while Central Asia mainly exports petroleum products and fertilisers to India.
3. The total volume of Indian companies’ investments in Central Asia is estimated at USD 1.5 billion, including in the extractive sector, renewable energy and the textile industry.
4. Promising areas of cooperation include the creation of joint ventures and the development of technological partnerships in sectors such as petrochemicals, pharmaceuticals, healthcare, agriculture and others.
5. One of the main barriers to expanding trade between India and Central Asia is the limited efficiency of the transport and logistics sector.

"Together with our colleagues at the India Exim Bank, we believe that India and Central Asia have significant potential for trade, investment and financial cooperation. Central Asian economy is growing faster than the emerging markets and the global economy as a whole. Since 2000, the total GDP of the Central Asian countries has increased more than 10 times. They have vast potential to trade and invest with India. One of the key solutions could be the development of the International North-South Transport Corridor, which is creating new opportunities for economic cooperation between India and Central Asia. Large scaled infrastructure projects require joint efforts of governments, businesses, expert community, and international financial organizations," – noted Nikolai Podguzov, Chairman of the EDB Management Board.
The full text of the report is available on our website (link in highlights)

05/09/2025

🌍 The Eurasian Development Bank and are pleased to invite you to our first joint event.

Trade between India and Central Asia has been growing steadily, yet it remains below its true potential. This event will highlight opportunities for deeper trade, investment, and financial cooperation, making it especially relevant for companies in Central Asia and India, government representatives, media, and international financial institutions.

This is a unique opportunity to contribute to bridging borders between Central Asia and India, as we present the joint analytical report:
📘 “Exploring Trade and Investment Relations between India and Central Asia: Unlocking Economic Benefits”

🎤 Speakers:
Mr. Nikolai Podguzov, Chairman of the Management Board, EDB
Ms. Harsha Bangari, Managing Director, India Exim Bank
Mr. Madi Aldanazarov, Senior Specialist, Research Department, EDB
Dr. Viswanath Jandhyala, Deputy General Manager, India Exim Bank
Ms. Olga Gaponova, Head of Trade Finance, EDB
Ms. Trupti Mhatre, Manager, Trade Facilitation Group, India Exim Bank

Vote of Thanks: Mr. Sivakumar T.D., Chief General Manager, International Relations Group, India Exim Bank

The full report will be published on the Analytics page of the EDB and the India Exim Bank’s website on September 10th, 2025.

🔗 Details and registration via link in stories.

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