EDB Member States
The Bank’s founding members are the Russian Federation and the Republic of Kazakhstan.
According to the founding documents, any country or international organization can apply to become a member of the EDB if it meets the Bank's requirements and is prepared to financially participate in its share capital.
As the new millennium dawned, the economies of Russia and of Kazakhstan experienced tremendous growth. Investment and foreign trade turnover have also been growing at rapid rates.
Concurrently, Russia and Kazakhstan are acting consistently as proponents of the further integration of the CIS countries and EurAsEC member states, believing that joint efforts and increased cooperation will help each of the member states to take up the challenge of globalization and to take a worthy place in the international division of labor. The establishment of the EDB at the initiative of the Russian and Kazakh presidents is viewed as one of the most significant steps in the integration process from both a financial and economic point of view.