Ministry of Finance, Eurasian Development Bank discuss cooperation

emirates7 - The Ministry of Finance (MoF) hosted a high-level delegation from the Eurasian Development Bank (EDB) in Abu Dhabi to discuss enhancing financial cooperation and exploring new opportunities for joint projects and investments that could benefit both parties.

The meeting was attended by Younis Haji AlKhoori, Undersecretary of the MoF, and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the MoF.

The EDB delegation included Nikolay Podguzov, Chairman; Evgeny Vinokurov, Deputy Chairman and Chief Economist; Daniyar Imangaliev, Deputy Chairman; and Anna-Mariya Chkoniya, Managing Director and Head of the International Cooperation Department.

The discussions centered on potential collaboration in infrastructure, alternative energy, and food and water security, aligning with the Bank’s development goals. Both sides also explored opportunities for joint financing of development projects and examined strategies to promote regional integration.

The meeting underscored the EDB's crucial role in advancing economic development among its member states and external partners.

AlKhoori commented, "This meeting reaffirms the UAE’s commitment to fostering global partnerships for sustainable development. With its leadership in infrastructure, clean energy, and food and water security, the UAE is dedicated to building effective bridges of cooperation with the EDB to opportunities that strengthen strategic partnerships and contribute to positive economic and social outcomes in line with global development goals."

He added, "We are eager to explore further collaboration with the Eurasian Development Bank, especially as it leads significant investment projects that support regional integration. By leveraging our advanced economic development expertise, we aim to help member countries achieve their goals and strengthen mutual partnerships."

The EDB includes six member states: Armenia, Kazakhstan, Russia, Kyrgyzstan, Belarus, and Tajikistan, with an investment portfolio valued at US$15.3 billion.

The Bank focuses on sustainable development, particularly in infrastructure and clean energy, and holds strong global credit ratings, highlighting its role in driving regional integration and sustainable economic growth.