The Russia-led Eurasian Development Bank (EDB) and Kazakhstan’s Ministry of Trade and Integration have signed a memorandum of cooperation to establish and develop long-term cooperation in implementing digital trade projects in Kazakhstan and other EDB member states, the EDB said in a statement.
Cooperation will cover the following areas: promoting non-primary exports; developing domestic trade; involving small and medium sized businesses in integration by applying digital solutions in Eurasia; improving trade infrastructure; advancing exchange and electronic trade; and working out possible financing options for the MTI’s projects.
The parties intend to boost the involvement of the private sector, including small and medium sized businesses, and scale up the best digital trade solutions in Eurasia, the statement said
“We have a very important and pressing task to develop digital projects that would contribute to the advancement and integration of the Eurasian countries,” said Amangeldy Issenov, deputy chairman of the EDB Management Board. “As a leading multilateral development bank in the region, we are interested in participating and assisting in the projects implemented by the Ministry using the EDB’s expertise and financial instruments.”
Related Articles
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
Georgia’s TBC Bank weighs up separate IPO for TBC Uzbekistan digital bank
London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more
EBRD boosts Ukraine financing to record €2.9bn in 2025 amid war
The European Bank for Reconstruction and Development (EBRD) deployed a record €2.9bn in finance in Ukraine in 2025, up from €2.4bn a year earlier, the EBRD said in a press release. The EBRD ... more