The story
History of the EDB
The Eurasian Development Bank was established at the initiative of the Presidents of Russia and Kazakhstan on January 12, 2006. The Bank officially started operating in June 2006.
In 2009, the list of EDB member countries was expanded to include the Republic of Armenia and the Republic of Tajikistan. The Republic of Belarus and the Kyrgyz Republic joined the Bank in 2010 and 2011, respectively, and the Republic of Uzbekistan became the EDB member in 2025. Other states and international organizations can become members by acceding to the Agreement Establishing the Bank.
In January 2013, the Organisation for Economic Cooperation and Development recognised the Eurasian Development Bank as a multilateral financial institution.
In August 2022, the reputable Bloomberg media reported that Russia plans to reduce its stake in the Eurasian Development Bank to less than half: from 65.97% to 44.79%. It is noted that Russia took this step to protect the EDB from sanctions. In January 2023, the final distribution of shares among countries was officially approved, with Russia and Kazakhstan maintaining leading positions.
Information and analytical activity
The Bank's own extensive research has made it a reputable think tank. The EDB is involved in major research and applied projects; the Bank prepares reports and recommendations on regional economic integration for member governments; regularly hosts conferences and round table discussions; publishes sector- and theme-specific reviews, macroeconomic papers analysing economic developments in and forecasts for the region, as well as information on regional integration, development bank activities, and investment project financing in the CIS.
Key areas of activity of the EDB's analytical team:
The Centre for Macroeconomic Analysis (CMA) makes macroeconomic forecasts and analyses the economies of the Bank's member countries. The CMA's key product is the EDB's Macroeconomic Outlook published twice a year.
The Centre for Integration Studies conducts research into Eurasian integration, including the analysis of non-tariff barriers, investment interaction and macroeconomic effects of cooperation.
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The Centre for Infrastructure and Industrial Research (CIIR) focuses on research in the field of industrial cooperation and substantiating cross-border infrastructure projects.
Key studies by year:
2021
The International North-South Transport Corridor: Creating the Eurasian Transport Network;
Monitoring of Mutual Direct Investments by Twelve States (CIS Countries and Georgia);
Investment in the Water and Energy Complex of Central Asia;
Uzbekistan and the EAEU: Prospects and Potential Impact of Economic Integration;
2022
EDB Integration Business Barometer — a survey of businesses and a study of their attitude towards Eurasian integration;
North-South: Infrastructural and Institutional Barriers;
The Water and Energy Complex of Central Asia: Challenges and Prospects;
The Economy of Central Asia: A Fresh Perspective;
Monitoring of Mutual Investments (CIS countries, China, Iran, Arab states);
2023
Food Security and Agro-Industrial Potential of the Eurasian Region;
Efficient Irrigation and Water Conservation in Central Asia;
Cross-Border Public-Private Partnerships;
2024
Economic Cooperation in Eurasia: Practical Solutions — a report containing 12 flexible integration tools;
Infrastructure in Eurasia: Short-Term and Medium-Term Trends;
Petrochemical Industry in Eurasia: Opportunities for Deeper Processing;
Eurasian Transport Networkg;
Drinking Water Supply and Sanitation in Central Asia;
Capital in Multilateral Development Banks;
EDB Database of Non-Sovereign Financing by International Financial Institutions;
2025
The Irtysh River Basin: Transboundary Challenges and Practical Solutions;
Mutual Investments on the Eurasian Continent: New and Traditional Partners;
The Future of Islamic Finance in Central Asia;
The Legal Environment for Public-Private Partnerships in Eurasia. A Cross-Country Survey;
Irrigation Equipment Production in Central Asia: Industrializing the Water Sector.
In addition to case studies, the EDB publishes a Macroeconomic Forecast for its member countries twice a year, as well as Macrosurveys that reflect key economic and financial trends in the region.
From Wikipedia’s article on Eurasian Development Bank, shared under CC BY-SA 4.0.4