Prime Minister of Kazakhstan Olzhas Bektenov chaired a meeting of the Board of the Eurasian Development Bank (EDB) as part of the bank’s Annual Meeting. The EDB press service reports.
At the meeting, the results of the organization’s work for 2023 were reviewed, and decisions were made on further multilateral development. One of the key ones was the reappointment of Nikolai Podguzov to the position of Chairman of the Board of the EDB with an extension of his term of office until June 29, 2028.
Nikolai Podguzov highlighted that the EDB maintained financial stability and solidified its position as a leading development institution in its operating region during 2023. Investments in 2023 totalled $1.7 billion. The bank increased its green investments, with the value of green projects in its current investment portfolio exceeding $600 million by year-end.
The bank’s cumulative investment portfolio over 18 years of operations has totalled $14.7 billion, encompassing 285 projects. The portfolio consists primarily of projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering.
Kyrgyzstan has also been a member state of the Eurasian Development Bank since 2011. The EDB’s investment portfolio in the Kyrgyz Republic amounts to $205.6 million.
