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Eurasian Development Bank

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A multilateral development bank investing to support economic growth and stronger economic ties among its member states across Eurasia.

Last updated September 25, 2026

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Overview

The Eurasian Development Bank (EDB; in Russian, Евразийский банк развития) is a multilateral development bank whose stated purpose is to promote economic growth in its member states, expand trade and economic links among them, and advance integration across Eurasia through investment. The bank describes itself as a regional development partner, with a focus on projects that have a clear integration effect and contribute to the Sustainable Development Goals in participating economies. The bank's official site lists Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan as member states. Its strategic priorities include investment megaprojects, increased activity in member states that are minority shareholders, regional digital transformation, bringing together investment resources, expanding its financial products and instruments, and supporting sustainable development and ESG approaches in its own corporate governance. The published strategy covers 2022–2026. EDB says that its credit and investment activity is funded principally by long-term borrowing raised in capital markets and by the bank's own funds. Its stated areas of interest include access to clean water and energy, transport infrastructure, food security, competitiveness of non-resource exports, renewable energy, and the adoption of best available technologies. The bank publishes investment, governance, sustainability, risk, procurement, and compliance documents on its official site. The supplied official information identifies Nikolai Podguzov as Chairman of the Management Board and Olzhas Bektenov as Chairman of the EDB Council. The site reports an investment portfolio of US$22.074 billion as of June 2026.

History

The available official material presents the Eurasian Development Bank as a multilateral development bank established by an agreement, but the supplied excerpts do not state its founding date, original founders, or early institutional history. Those details are therefore not asserted here. The bank's stated institutional purpose is to promote economic growth in member states, expand trade and economic links among them, and develop integration across Eurasia by carrying out investment activity. It describes its role in its countries of presence as that of a regional development partner, especially for projects with an integration effect and a contribution to sustainable development goals. The bank's official overview lists seven member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. It identifies long-term borrowing raised in capital markets and the bank's own funds as the main sources supporting its credit and investment activity. The bank also publishes an investment declaration, investment-activity rules, a sustainability declaration, environmental and social provisions for investment activity, risk-management policy, procurement policy, and corporate-governance materials. A published strategy covers 2022–2026. The listed strategic tasks include strengthening the bank's integration role, implementing major investment projects, increasing activity in member states that are minority shareholders, supporting regional digital transformation, consolidating regional investment resources, broadening the bank's financial products and instruments, and contributing to UN sustainable development goals while applying ESG approaches in corporate governance. The official homepage describes priority themes that include clean water and energy, road and transport infrastructure, food security, competitiveness of non-resource exports, alternative renewable energy, and best available technologies. The bank's overview reports an investment portfolio of US$22.074 billion as of June 2026. Its official site identifies Nikolai Podguzov as Chairman of the Management Board and Olzhas Bektenov as Chairman of the EDB Council. These leadership and portfolio references are presented as reported in the supplied site material; the excerpts do not provide a founding-era chronology or a complete account of subsequent institutional changes.

  • Bank strategy period

  • Reported investment portfolio

Products and positioning

A regional multilateral development partner focused on investment, economic integration, and sustainable development in its member states.

  • Development investment and credit-investment financing

    The bank carries out investment activity to support economic growth and integration among member states; it identifies long-term market borrowing and its own funds as principal funding sources.

  • Project investment in priority sectors

    Official materials identify water, energy, transport infrastructure, food security, non-resource exports, renewable energy, and best available technologies as priority themes.

Brand decisions

  • Strategic priorities for 2022–2026Other

Recent events

  • Reported

    EDB wins Environmental Finance 2021 IMPACT Award[5]

    The Eurasian Development Bank won Environmental Finance's 2021 IMPACT Award in the energy category for the Atyrau street lighting project.

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Sources5 sources

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