The Eurasian Development Bank enhances the range and quality of its services, and offers financial support for pre-investment and innovative studies conducted at international, national and industry levels to further integration in Eurasia, strengthen market infrastructure, and secure sustainable economic growth of its member states.
To this end, the Bank has established a Technical Assistance Fund which operates in accordance with the best international practice and corporate governance standards.
The projects and programmes of the Fund are being administered by its Managing Committee, a permanent collegial body which carries out preliminary examination and approves the terms of reference for providing resources from the Fund. These resources comprise the Bank’s own and borrowed funds.
Final decisions to approve projects from the Fund’s programmes and to provide resources are made by the Management Board of the Bank in accordance with the EDB internal regulations. The Fund’s programmes are being developed based on the Bank’s mission and strategic tasks and goals.
The Bank has adopted procedures to ensure transparency on how the Fund functions and to keep the members and the general public informed of its operations. Projects are selected on a competitive basis, and the key criteria are: the concept of the project must be relevant and original; the project’s objective and tasks must correspond to the Bank’s mission; the project’s budget and implementation schedule must be realistic and adequately detailed; the expected results must be significant; the implementing party must be highly qualified; and the project’s activities must continue beyond the end of the grant period. Since the EDB is an international development bank, it focuses on projects and programmes which have good prospects for investment.
The Fund operates within the framework of the following programmes: