Under its updated Strategy, the Eurasian Development Bank (EDB) is planning to expand the volume of its current investment portfolio to US $ 3.3 billion by end-2017, with regional integration project financing accounting for at least 50% of the total investment portfolio.
The targeted focus of the Bank’s project-related activities will be shifted particularly to projects generating integration effects. Being a supranational institution, the Bank will identify potential options of its member state cooperation and integration, establish ties between production chains in the region, including those in industry, and take further steps to identify and participate in infrastructure projects in its member states.
The Bank is planning to focus on supporting projects in energy generation, machine engineering, chemical, mining, and petrochemical industries, and infrastructure.
The Eurasian Development Bank (EDB) is an international financial organization founded by Russia and Kazakhstan in 2006. The members of the Bank are Russia, Kazakhstan, Armenia, Tajikistan and Belarus (2010). Other states or international organizations can become members by joining the Agreement Establishing the EDB. The Bank’s authorized capital was formed of contributions by its member states: Russia (US$1billion), Kazakhstan (US$500 million), Armenia (US$100,000), Tajikistan (US$500,000) and Belarus (US$15 million). The authorized capital may be increased by resolution of the Bank’s Council. The EDB’s current charter capital reportedly totals US$7 billion. The Bank has the status of an international organization, and is subject to international law.
