ALMATY, June 25 (Xinhua) -- The Eurasian Development Bank (EDB) plans to channel 13.5 billion U.S. dollars into projects in its member states under its new 2027-2031 strategy, the Interfax-Kazakhstan news agency reported on Thursday.
That represented a roughly 20 percent increase from the target set for the previous strategic period, the bank's management said.
The EDB committed to invest 10.9 billion dollars in projects across member states in 2022-2026. However, the total investment is expected to reach 12 billion dollars by the end of the year, EDB Management Board Chairman Nikolai Podguzov said on the sidelines of the bank's annual meeting in Almaty.
Investment allocation among member states will be determined under country strategies expected to be adopted in October-November 2026, Podguzov added.
He identified transport and logistics infrastructure, food security, food logistics development, and high-value-added industrial projects as the bank's investment priorities for 2027-2031.
The EDB is a multilateral development bank operating across Eurasia. Its member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. ■
