Government • 16 February, 2019

Bakytzhan Sagintayev meets with Chairman of the Board of Eurasian Development Bank Andrey Beliyaninov

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Feb. 15 in Ukimet Uyi the Prime Minister Bakytzhan Sagintayev met with the Chairman of the Board of the Eurasian Development Bank Andrey Beliyaninov.

At the meeting, the results of the Bank's work in 2018 and promising areas of activity for the coming year were reviewed. The issues of the Bank’s participation in the implementation of large infrastructure projects were also discussed.

In addition, attention was paid to improving the work of the EDB Technical Assistance Fund.

The Eurasian Development Bank is an international financial institution established in 2006 on the initiative of the Presidents of Kazakhstan and Russia. Bank members are also Armenia, Belarus, Kyrgyzstan and Tajikistan. The EDB is open to new members — states and international organizations. The headquarters of the EDB is located in Almaty. The Bank has territorial offices in all member countries.

The bank’s mission is to promote the economic growth of the member states, the expansion of trade and economic relations between them and the development of integration processes in the Eurasian region. The priority target sectors for the bank’s investment activities are infrastructure (transport, utilities and other), power generation, engineering, chemical, oil and gas, metallurgy and mining, as well as agribusiness, financial sector and information technology.

In addition to project and investment activities, in accordance with the Strategy of 2018–2022, the Bank performs clearing and settlement operations in order to promote the economic integration of the shareholder states.

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