Bishkek, June 16, 2026. /Kabar/. The Eurasian Development Bank (EDB) today celebrates 20 years since its founding. A bilateral initiative has grown over two decades into one of the most respected multilateral development institutions in the Eurasian region.
According to EDB, the Bank has grown from a first project of $60 million to a cumulative portfolio of $19.6 billion, comprising 326 projects. 35 power plants with a total capacity of 2.7 GW, 33 industrial facilities, 1.7 thousand km of transport and pipeline infrastructure, and 4,000 units of rolling stock. 3 airports reconstructed with a combined capacity of 32 million passengers per year, including co-financing from other sources, more than $64 billion has been channeled into the economies of member states.
The EDB is the leader in non-sovereign financing in the Eurasian region. Over the past four years, the Bank's investments totalled $9.2 billion — 39% of all multilateral development bank investment in Eurasia.
Today, the Bank brings together 7 countries and opened a representative office in Abu Dhabi (UAE) in 2025, with a view to further scaling up its presence.
The Bank consistently applies ESG principles, supports green projects and is developing Islamic finance. The EDB is also a centre of expertise, publishing annual macroeconomic forecasts, the unique Monitoring of Mutual Investments (since 2012), and dozens of other analytical reports.
Nikolai Podguzov, Chairman of the EDB Management Board:
"Twenty years is only the beginning. We see how Eurasia is changing and know that even more opportunities lie ahead. We will continue to support projects that connect countries, create jobs and drive the development of entire industries.
EDB operates in Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.