ALMATY, Kazakhstan, June 27. The first day of
the Annual meeting & Business Forum of the Eurasian Development
Bank (EDB) has wrapped up in Almaty, Kazakhstan, Trend reports.
The first day featured sessions on “Islamic Finance in Central
Asia,” “Water, Energy, and Food in Central Asia: Partnerships and
Projects for Sustainable Development,” and “The Eurasian Transport
Network: Potential, Challenges, and Solutions.”
Participants discussed the growth of Islamic finance in Central
Asia, global trends in Islamic finance and banking, and the
coordination of the “water, energy, and food” nexus. They also
explored cooperation between multilateral development banks and
international organizations to advance the water and energy sectors
in Central Asia, promising projects in these areas, transport
projects, and key areas for developing the corridor freight
base.
On the first day of the event, the participants sealed the deal
and put pen to paper on several agreements. The EDB and the Islamic
Development Bank Institute shook hands on a memorandum of
understanding to pave the way for the growth of Islamic finance in
Central Asia. In addition, the EDB sealed a deal with Dar Al Sharia
Consulting Company to join forces in the realm of Islamic
finance.
Studies titled “Promoting High Environmental and Social
Standards in Central Asia: EDB Experience and Lessons Learned” and
“The Eurasian Transport Network” were also presented during the
event.
On the flip side, the second day is jam-packed with three
additional sessions on the agenda.
To note, the Eurasian Development Bank 2024 Annual Meeting and
Business Forum is taking place in Almaty on June 27–28.
The event features a series of sessions on the topics of Islamic
finance, transport, ecology, energy, and digital technologies.
The Eurasian Development Bank is a multilateral development bank
carrying out investment activities in the Eurasian region.
The EDB’s authorized capital is $7 billion. The main share in
the EDB portfolio is occupied by projects with an integration
effect in the areas of transport infrastructure, digital systems,
green energy, agriculture, industry and mechanical engineering.
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