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NEWS » Economy » EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia
Economy

EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia

06.12.2024, 10:59
The Eurasian Development Bank (EDB) has developed a non-sovereign financing database to track investments by international financial institutions (IFIs) in Eurasian countries.

EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia

YEREVAN, December 6. /ARKA/. The Eurasian Development Bank (EDB) has developed a non-sovereign financing database to track investments by international financial institutions (IFIs) in Eurasian countries.

The Non-Sovereign Financing Database (NSF Database) will be updated quarterly, enabling timely monitoring and analysis of non-sovereign financing in the region, EDB said in a press release.

Non-sovereign financing of IFIs is aimed at stimulating the economic development of countries as well as regions. The importance of non-sovereign financing for the economies of the Eurasian region is due to the absence of a burden on public finances, the promotion of private sector development and the accumulation of additional private capital.

The EDB’s database consolidates publicly available data on non-sovereign operations by IFIs in the region, including the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Eurasian Development Bank (EDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the New Development Bank (NDB), the Black Sea Trade and Development Bank (BSTDB), the International Bank for Economic Co-operation (IBEC), the International Investment Bank (IIB) and the International Finance Corporation (IFC).

The NSF Database offers Eurasian governments and the expert community a comprehensive overview of non-sovereign investments from international financial institutions in the region. Evgeny Vinokurov, EDB Chief Economist, emphasised the database’s significance for the region:

“Using the database is very intuitive. It enables analysis by instrument, sector, currency and many other parameters. It is also possible to analyse IFIs’ green projects in the region and assess the effectiveness of projects. Additionally, as the NSF database includes projects dating back to 2008, users can identify long-term trends in development project financing. That is why it can assist governments in formulating policies on development financing.” -0-

 

#EDB
#EURASIA
#NSF DATABASE
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