BAKU, Azerbaijan, August 8. The Eurasian
Development Bank (EDB) and the State Development Bank of the Kyrgyz
Republic signed a memorandum to cooperate on projects aimed at
supporting economic modernization and infrastructure
development.
This was announced in a statement published by the press service
of the EDB
According to the EDB, the memorandum was signed by Deputy
Chairman of the Management Board Alexey Skatin and Chairman of the
Management Board of the State Development Bank of Kyrgyzstan Emil
Takyrbashev.
The information indicates that the sides intend to combine their
expertise and capabilities to prepare and implement projects aimed
at “modernization of the economy, infrastructure development,
support for entrepreneurship and attracting investment.”
The cooperation will focus on expanding access to long-term
financing, attracting investment into priority sectors and
strengthening development institutions.
Skatin said cooperation with national development institutions
is one of EDB’s key areas of activity. “The memorandum with the
State Development Bank of the Kyrgyz Republic creates a basis for
joint preparation and implementation of projects contributing to
sustainable economic growth, attracting investment and improving
quality of life,” he said.
Meanwhile, the bank’s accumulated portfolio stood at 348
projects worth $22.1 billion as of the end of June 2026. Its
portfolio is focused mainly on projects with an integration effect
in transport infrastructure, digital systems, green energy,
agriculture, industry and mechanical engineering.
The bank is implementing three megaprojects under its 2022-2026
Strategy: the Central Asia Water and Energy Complex, the Eurasian
Transport Framework and the Eurasian Commodity Distribution
Network.