In the first half of 2025, the Eurasian Development Bank (EDB) successfully fulfilled its investment plan for the year, with the volume of new project signings reaching nearly $2.1bn. The Bank reported a strong pipeline ahead, with potential signings at a high degree of readiness exceeding $4bn.
These results were presented during a meeting of the EDB Council, chaired by Kazakhstan’s Prime Minister Olzhas Bektenov. The Council reviewed the Bank’s performance in 2024 and discussed strategic priorities for member countries.
Chairman of the EDB Management Board Nikolai Podguzov reported that by the end of 2024, the Bank’s total accumulated investment portfolio had grown to $16.5bn. New investments for the year totaled $2.4bn—an increase of nearly $700mn over 2023. The share of projects aligned with the UN Sustainable Development Goals rose to over 30%, doubling the Bank’s target indicators.
The Bank also significantly expanded its technical assistance initiatives, with the portfolio growing by 76% in 2024, reaching a historic peak. Kazakhstan remained the largest recipient of EDB investments, with a portfolio of $7.2bn covering 116 projects, including 43 active projects valued at $2.9bn. Positive investment trends were also noted in Armenia, Kyrgyzstan, and Tajikistan. By 2025, the total number of projects in the Bank’s portfolio is expected to reach 305.
A key outcome of the meeting was the announcement that Uzbekistan has officially joined the Agreement on the Establishment of the EDB. Representing the country, Minister of Investments, Industry and Trade Laziz Kudratov confirmed Uzbekistan’s readiness to actively engage with the Bank on joint projects.
Several organizational and financial decisions were approved during the session. At the proposal of Council members, Prime Minister Olzhas Bektenov was elected Chairman of the EDB Council, while Kazakhstan’s Minister of Finance Madi Takiyev was appointed Deputy Chairman.
The Eurasian Development Bank is a multilateral institution focused on supporting integration and sustainable development across the Eurasian region. Its investments span transport infrastructure, digital systems, green energy, agriculture, industry, and engineering.
The EDB’s 2022–2026 Strategy includes three flagship initiatives: the Water and Energy Complex of Central Asia, the Eurasian Transport Framework, and the Eurasian Commodity Distribution Network. The Bank aligns its operations with the UN Sustainable Development Goals and ESG standards.
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