HomeNewsDevelopment DiplomacyKazakh President Receives the Chairman of EDB

Kazakh President Receives the Chairman of EDB


Nur Sultan, 28 October 2021 (TDI): Kazakh President, Kassym Jomart Tokayev received the Chairman of the Board of the Eurasian Development Bank (EDB), Nikolai Podguzov.

Eurasian Development Bank:

The Eurasian Development Bank is a regional development bank. It is established by the Russia and Kazakhstan in 2006. Armenia, Belarus, Kyrgyzstan, and Tajikistan, are also member states.

During the meeting, the President was informed about the results of EDB work. The medium-term plans of EDB are also discussed along with the macroeconomic forecasts for the coming period. According to the bank’s experts, Kazakhstan is expected to have the highest dynamics of economic growth among the Eurasian Economic Union, (EAEU) countries.


Kassym-Jomart Tokayev was also familiarized with the Strategy of the Eurasian Development Bank for 2022-2026. In particular, Nikolai Podguzov told the President about key megaprojects. These projects are aimed at promoting the socio-economic development of Kazakhstan and other EAEU states.

The Bank will also assist in the implementation of projects aimed at the formation of transport corridors “North-South”, “Europe – Western China”. It is aimed at the creation of a unified distribution network and the modernization of the water and energy complex of Central Asia. The total volume of EDB investments in these projects is planned at $ 1.2 billion. In general, the bank intends to invest at least $ 3.8 billion in the economy of Kazakhstan until 2026.

Kassym Jomart Tokayev emphasized the active role of the EDB in the development of integration processes. He noted the importance of the implementation of the designated projects for Kazakhstan and the entire EAEU.


Nature Crime Alliance on Nature Conservation

Vancouver, 27 September 2023 (TDI): A significant event took place as high-level environmental policymakers from more than 100 countries convened for a quadrennial meeting known...

Israeli Minister arrives in Saudi Arabia during UN Conference

Riyadh, 26 September 2023 (TDI): In a diplomatic development, Israeli Tourism Minister Haim Katz has embarked on a two-day visit to Riyadh, Saudi Arabia, marking...

EEC approves progress by Eurasian Economic Union countries

Minsk, 26 September 2023 (TDI): The Board of the Eurasian Economic Commission (EEC) approved the results of the work of the countries of the Eurasian...

Pakistan Chairman Senate meets Chinese Ambassador Jiang Zeidang

Islamabad, 26 September 2023 (TDI): Chinese Ambassador Jiang Zeidang called on Chairman Senate Muhammad Sadiq Sanjrani, today at the Parliament House.Discussions revolved around various matters...

Follow us


Most Popular