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Eurasian Development Bank (EDB)
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Eurasian Development Bank (EDB)

by Selin CanJuly 11, 2017
Overview
Abbreviation

EDB

Founded

2006

Headquarters

Almaty, Kazakhstan

Website

https://eabr.org/en/

Eurasian Development Bank (EDB)

The Eurasian Development Bank (EDB) is a regional development bank established by the Russian Federation and the Republic of Kazakhstan in 2006. The Bank currently has six member states located in both Asia and Europe, including Armenia, Belarus, Kyrgyzstan, and Tajikistan. Other states and international organisations are able to become members by signing up to the Bank’s founding Agreement.

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About The Community Member
Selin Can
Multilateral development banks, or MDBs, are supranational institutions set up by sovereign states, which are their shareholders. Their remits reflect the development aid and cooperation policies established by these states. They have the common task of fostering economic and social progress in developing countries by financing projects, supporting investment and generating capital. MDBs also play a major role on the international capital markets by annually raising the large volume of funds required to finance their loans.

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