Opening Asia for Russia

10.12.2018 89 просмотров

The Eurasian Development Bank (EDB) is an international financial organization designed to promote the economic growth of the member states, the expansion of trade and economic ties between them and the development of integration processes in the Eurasian space through investment activities.

The Bank was founded on the basis of an interstate agreement signed on January 12, 2006 by authorized representatives of the Russian Federation and the Republic of Kazakhstan. The initiative to create the Bank belongs to the presidents of Russia and Kazakhstan.
In 2009, the Republic of Armenia and the Republic of Tajikistan, in 2010 - the Republic of Belarus, and in 2011 - the Kyrgyz Republic became full members of the Bank. 

The EDB is open to new members. States and international organizations become its participants by decision of the Bank's Council after they join the Agreement on Establishment of the EDB and pay in the prescribed manner for the acquired shares of the Bank. 

Development Institute with a focus on regional integration. 

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The EDB's main strategic objectives are:
 Funding projects with a strong integration effect and national development projects;
 Introduction of new financial products and instruments;
 Support for projects in the field of industrial production;
 Promotion of PPP initiatives in the member countries of the Bank;
 Development of partnerships and alliances in order to attract additional sources of funding for projects in member countries.

The EDB is the Fund Manager of the Eurasian Fund for Stabilization and Development (EFSD). The Bank has financed investment projects in its member states totaling over $6.9 billion. 

The EDB adheres to the highest environmental standards and invests in projects that meet its environmental criteria.
International agencies have assigned credit ratings to the Bank at the level of the sovereign ratings of the founding states of the EDB and higher. This provides the Bank with comfortable access to international and national financial markets. 

The authorized capital of the Bank is $7 billion, including paid-up capital of $1.5 billion and call capital of $5.5 billion USA. 

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The Bank has the status of an international organization. As a subject of international law, the EDB: 

 has international legal capacity;
  enjoys the rights of a legal entity in the territory of the Member States;
  has a special legal status, implying that it is endowed on the territory of the participants with such privileges and benefits as:

1. property and judicial immunities;
2. tax and customs exemptions;
3. Advantages to avoid costs and risks caused by possible changes in legislation and banking regulation in member states.

In 2007, the Bank received observer status in the UN General Assembly and the UNCTAD Trade and Development Council, as well as under the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). 

The EDB operates in those countries with the governments of which the Bank has signed and where agreements on the conditions of its stay have come into force on their territory. 

The headquarters of the EDB is located in Almaty. 

The Bank has a branch in St. Petersburg, representative offices in Astana, Bishkek, Dushanbe, Yerevan, Minsk and Moscow.  

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Mission and strategists i

The mission of the Bank is to promote the development of the market economy of the EDB member states, their sustainable economic growth and the expansion of trade and economic ties through investment activities. 

According to the Strategy for the period from 2018 to 2022, the Bank focuses its activities on financing projects with a strong integration effect and national development projects, building cooperation with "anchor" clients - large companies, cooperation with which will provide the Bank with the opportunity to occupy systemically important niches in priority countries for economies -members of industries. At the same time, in its work, the Bank seeks to focus on those areas of development in which it can play a significant role and have the greatest impact on the process of integrating the economies of member countries, their balanced growth and increasing competitiveness. 

It is planned, that over the period 2018-2022 the volume of the current investment portfolio of the Bank will increase from 2.3 to 3.6 billion US dollars, the total cost of new EDB projects for this period will be 4.6 billion US dollars. 

EDB focuses its activities on the following sectors: 

 Infrastructure (transport, utility and other)
 Power industry
 Chemical and petrochemical industry
 Metallurgical and mining industry
 Oil and gas industry
 Agro-industrial complex
 Financial sector
 Information technologies

This list of industries is a priority, but not exhaustive. 

As part of the implementation of the Strategy for the period from 2018 to 2022, the Bank launched a new service for settlement and clearing customer service. 

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Lending and investment activities 

The Bank finances large investment projects in the Eurasian region in the form of long-term lending to public or private enterprises, participation in the authorized capital of organizations, mezzanine financing, issuance of guarantees, financing of investment funds and financial institutions for their subsequent support of real sector enterprises and trade operations. 

The main focus of the Bank's work is focused on financing the following types of projects: 

About Projects with a strong integration effect:  

 Cross-country infrastructure projects that help strengthen trade, economic and investment ties between member states, create and develop common markets, as well as national integration infrastructure projects, projects in border regions facilitating the growth of trade and mobility of goods, facilitating the movement of citizens, creating other cross-border effects for the member countries of the Bank;
 projects that provide for real corporate integration of economic entities of various countries - members of the Bank when creating a product or providing a service;
 trade operations between counterparties of the countries - members of the Bank;
 projects involving the growth of mutual investments of EDB shareholders.
 National development projects:
 national, regional and municipal infrastructure projects in various industries;
 projects for the development and creation of new industries, the existence of which is necessary, among other things, to increase the share of participation of the country's economic entities in one or more value chains, support the efforts undertaken by the Bank's member countries in the field of import substitution and strengthen export potential national economies;
 projects with an innovative component related to changing the technological structure and methods of production by national companies;
 replicated projects - financing of replicated investment projects, as well as development programs.

Particular emphasis is placed on "green" financing projects. 

Priority areas of project activities: < br>
 Infrastructure (transport, utility and other)
 Electric power industry
 Chemical and petrochemical industry
 Metallurgical and mining industry
  Oil and gas industry
 Agro-industrial complex
 Financial sector
 Information Technology

This list of industries is a priority, but not exhaustive. 

The target "optimal" amount of the Bank's participation in projects is in the range of 20 to 200 million US dollars, however this does not exclude the possibility of financing less expensive projects, primarily in member states with relatively small economies. 

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International cooperation 

In accordance with the founding documents, the Bank is open to interested states and international organizations that can become members of the EDB based on the decision of the Bank's Council. 

To create favorable conditions for the Bank's activities both in the international arena and in the states -participant х EDB interacts with state, regional and local authorities of its participants, establishes and develops relations with potential shareholders, other international organizations, national and international development institutions, scientific, expert and public organizations, professional associations and associations. 

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