EDB investments in 2024 total $2.3B, with $436M in Armenia, Kyrgyzstan, and Tajikistan
ALMATY, December 6. /ARKA/. The Eurasian Development Bank (EDB) launched about 30 new projects in 2024. This was announced by Nikolai Podguzov, Chairman of the EDB Management Board, at the bank's press conference summarizing the year's results.
"The total investment volume for the year reached $2.3 billion. The current investment portfolio in Armenia, Kyrgyzstan, and Tajikistan amounted to $436 million, an increase of 1.5 times compared to 2023. Net profit for the first 11 months of 2024 stood at $135 million," Podguzov said.
According to him, for 18 years, the EDB has been investing in improving the quality of life for 200 million people living in Eurasia.
"298 successful national development and integration projects have been implemented. The accumulated investment portfolio totals $15.6 billion (with a growth of about 5.8% in 2024)," Podguzov said.
He reported that the current investment portfolio of the EDB totals $4.3 billion, and the bank's capital amounts to $2.2 billion.
"The EDB is the leader in non-sovereign financing in the Eurasian region. The bank's share of non-sovereign financing for the region's countries among all IFIs (International Financial Institutions) in 2022-2023 was 49%," Podguzov said.
Earlier, Yaroslav Mandron, Deputy Chairman of the Management Board of the EDB, answering a question from the ARKA news agency, stated that the EDB plans to invest $200-250 million in Armenia in 2025-2026. The total investments of the EDB in Armenia in 2022-2024 amounted to $328 million, and the accumulated investments totaled $488 million.
About the EDB
The Eurasian Development Bank (EDB) is an international financial institution engaged in investment activities across the Eurasian region. For over 17 years, the EDB has been fostering the strengthening and expansion of economic ties and the comprehensive development of its member countries.
The EDB's authorized capital amounts to USD 7 billion. The Bank's portfolio is primarily composed of projects with integration effects in the fields of transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. In its activities, the Bank is guided by the UN Sustainable Development Goals and ESG principles.
