About EDB

The Eurasian Development Bank ("EDB") is an international financial institution founded in order to foster economic growth and integration processes in the Eurasian region.

The Bank was founded by intergovernmental agreement that was signed in January 2006 by the Presidents of the Russian Federation and the Republic of Kazakhstan.  The initiative for establishing the Bank came from the two Presidents. 

The Bank’s charter capital is US$1.5 billion.

The Bank provided financing for development projects in the amount of US$431.5 million, while also increasing efforts to expand its loan portfolio and product lines. International credit rating agencies have given the Bank ratings equivalent to the sovereign Russian rating or higher

According to the founding documents, any country or international organization can apply to become a member of the EDB, as long as the Bank's specific criteria are met.  Successful applicants become members following a decision of the Bank's Council and after having paid in their required share capital.

The active operations of the Bank in the Eurasian region have allowed it to engage in dialogues with other member states with the potential to join.  Discussions are currently underway with Belarus, Armenia, Kyrgyzstan and Tajikistan.

It is one of our primary goals to evolve into a key regional multilateral development finance institution that will supply long-term financing to the EurAsEC countries. To date, there is no international financial institution that specifically targets the integration and development process in this region.

The Bank is highly capitalized and will be able to finance large projects. In this regard, and also due to its status as an international organization, the Bank is better positioned than the national development banks.

In accordance with our mission statement, we strive to become a catalyst of integration processes. Our activities will be primarily aimed at the implementation of projects reflected in bilateral and multilateral treaties and development treaties. In many respects, this condition ensures a high degree of political support for the Bank by its member states, thus ensuring a certain competitive advantage vis-à-vis other multilateral development banks.

The concentration of the Bank’s activities in Russia, Kazakhstan and the adjacent Central Asian countries will allow the EDB to accumulate in-depth knowledge of the economies and policies of the countries in the region, their peculiarities of business, which would, in turn, ensure a high quality of investment decisions.

The Bank’s key areas of focus for financing activity are in the areas of electric power, water and energy, transportation infrastructure and high-tech and innovative industries.