Russia

In 2007, Russia enjoyed its ninth consecutive year of uninterrupted growth, with an average growth rate of 6.5%. The country achieved impressive new successes in macroeconomic stability and economic development. Russia’s financial policy provided one of the main factors driving the country’s economic growth.

In order to ensure sustainable economic growth, Russia needs to tackle a number of key issues. First of all, Russia must take on the modernization of obsolete energy, transport, communications and agriculture infrastructures.  Next, the country must diversify the national economy by reducing its dependency on oil and gas and increasing its competitiveness in the non-raw materials sectors. Third, Russia must identify an optimal way to integrate into the global economy.

The Eurasian Development Bank is dedicated to becoming one of the tools in resolving these three key economic issues.

Investment in Russia — and Kazakhstan — is a priority for the EDB. The priorities of the Bank in the Russian Federation, in line with its Charter and its Regulations on Investment Operations, include modernizing the energy, transport, communications and agro-industrial infrastructures and increasing the output of competitive, high-tech products with high added-value in the finished/manufactured materials sectors (i.e., the machine-building and space and aviation industries). The Bank’s investment operations are aimed at supporting the development of trade and mutual investments in the Russian Federation and its neighbouring countries.

The Russian Federation is one of the Bank’s founders and its most prominent participant and the source of 2/3 of its charter capital (US$ 1 billion).