ArmInfo. The Eurasian Development Bank (EDB) today celebrates 20 years since its founding. What began as a bilateral initiative has grown over two decades into one of the most respected multilateral development institutions in the Eurasian region, according to a statement from the Bank's press service.
The EADB's key achievements over the past 20 years include: Investments- the Bank has grown from a first project of $60 million to a cumulative portfolio of $19.6 billion, comprising 326 projects; Real Economy- 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; Transport and Logistics- 3 airports reconstructed with a combined capacity of 32 million passengers per year and impact on economies: including co-financing from other sources, more than $64 billion has been channeled into the economies of member states.
The bank's growth from its first $60 million project to a portfolio of $19.6 billion, comprising 326 projects. Additionally, 35 power plants with a total capacity of 2.7 GW and 33 industrial enterprises have been built, 1,700 km of transport and pipeline infrastructure have been modernized, and 4,000 units of rail stock have been renovated. Three airports with a combined annual passenger capacity of 32 million have been reconstructed; including co-financing from other sources, over $64 billion has been channeled into the economies of participating countries.
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. The Bank's work has received repeated international recognition, including the PFI Award for the Central Ring Road (BAKAD) and the IJGlobal Award for the modernisation of Almaty International Airport. In 2025, EDB Chairman Nikolai Podguzov was named ADFIAP CEO of the Year.
"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. Thank you to everyone who has been with us all this time — our shareholders, partners and team," said Nikolay Podguzov, Chairman of the EDB Management Board. The Bank remains a reliable partner for its member states, development institutions and private investors, contributing to the sustainable development and economic cooperation of the Eurasian region.
Learn more about the EDB's history and achievements on our special anniversary website: https://20.eabr.org
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the EDB has been strengthening and expanding economic ties and promoting the comprehensive development of its member countries. By the end of December 2025, the EDB's accumulated portfolio included 326 projects with a total investment volume of $19.6 billion. The EDB's portfolio is dominated by projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. The Bank is guided by the UN Sustainable Development Goals and ESG principles. As part of its 2022-2026 Strategy, the EDB is implementing three megaprojects: the "Water and Energy Complex of Central Asia," the "Eurasian Transport Framework," and the "Eurasian Commodity Distribution Network."
