Business news

15 May 2023

Belarus seen as important shareholder of Eurasian Development Bank

An archive photo

ALMATY, 15 May (BelTA) - Belarus is an important shareholder of the Eurasian Development Bank (EDB), EDB Chairman of the Board Nikolai Podguzov told BelTA.

"Belarus is our important shareholder. We have now completed the diversification of the shares of shareholder countries. Belarus’ share increased to 5%. The role of Belarus has increased accordingly," Nikolai Podguzov said.

According to him, the bank's project portfolio in Belarus is replenished with new projects. "The range of projects is fairly wide. The Minsk office is actively working in this regard. These are medium and private enterprises, large companies that are focused on exports. Everything that corresponds to the adopted strategy," the Chairman of the Board said.

These days, the Eurasian Development Bank (EDB) is holding a conference of major investors in infrastructure and ESG projects and a meeting of members of the Association of Development Institutions of Asia and the Pacific (ADFIAP). The events in Almaty will wrap up on 17 May. Panel discussion will focus on financing of transport, communications, energy and digital infrastructure, which play a crucial role in sustainable social and economic development at the national and regional levels. The events have brought together more than 150 executives, board members, high-ranking officials and representatives of development institutions and investment funds. Their role in creating sustainable infrastructure will be the main topic of the meeting. First of all, these are financial institutions from China, Turkey, Japan, India, Africa, the Philippines, the countries of the European Union, the United States, Latin America and the Middle East, and the international organizations, including such UN structures as UNIDO, UNDP, etc.

The Eurasian Development Bank (EDB) is an international financial institution that carries out investment activities in Eurasia. For more than 17 years, the EDB has been promoting economic ties and ostered comprehensive development of its member countries. The EDB has an authorized capital of $7 billion. The EDB's portfolio is mainly represented by integration projects in the areas of transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. The bank is guided in its activities by the UN Sustainable Development Goals and ESG principles.