BAKU, Azerbaijan, June 25. The Eurasian
Development Bank (EDB) has approved its development strategy for
2027-2031.
This was announced in a press release issued by the press
service of the Kazakh government, following a meeting of the EDB
Council chaired by the country's Prime Minister Olzhas
Bektenov.
According to the press service, the bank's accumulated portfolio
reached 326 projects with investments totaling $19.6 billion by the
end of 2025. Together with financing mobilized from partners, the
overall value of supported projects exceeded $64 billion.
Chairman of the EDB Management Board Nikolai Podguzov reported
that the bank invested $2.6 billion in projects during 2025, with
the largest allocations directed toward energy, transport and
logistics infrastructure, and the chemical industry, the report
says.
According to the press release, the bank's green portfolio
expanded by 17% over the year to $1 billion.
At the same time, the report says that the bank’s Technical
Assistance Fund and Digital Initiatives Fund allocated $40 million
to projects related to water conservation, artificial intelligence
technologies and agricultural development.
The council also noted that the EDB is on track to exceed the
targets set under its current 2022-2026 strategy. By the end of
2026, cumulative investments under the program are projected to
reach $12.2 billion, surpassing the original target of $10.9
billion, the report says.
