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    04/24/2025, 12:41

    EDB Chair Advocates Capital Increase for Multilateral Development Banks at ADFIAP Annual Meeting

    At the annual meeting of the Association of Development Financial Institutions of Asia and the Pacific (ADFIAP) held in Muscat, Oman on April 24, 2025, Nikolay Podguzov, Chairman of the Board of the Eurasian Development Bank (EDB), made a call for more capital for multilateral development banks (MDBs).

    He emphasized that despite the existing $200 billion allocated annually for projects, developing countries need at least $4 trillion a year to implement sustainable infrastructure, including energy, water, transport and digital technologies.

    Podguzov addressed the more than 90 financial institutions in the region and noted that all MDBs have a responsibility to work together to fill the financing gap. He supported the G20 discussions on improving the efficiency of the MDB system and suggested innovative approaches to raising capital, such as attracting institutional investors and issuing perpetual debt.

    The EDB continues to introduce new financing models, particularly in areas such as water and regional infrastructure. The Bank is actively working in line with the UN Sustainable Development Goals and ESG principles. In 2025, the EDB's portfolio includes 305 projects worth $16.5 billion.

    ADFIAP, operating since 1976, represents 90 organizations in 40 countries and actively promotes sustainable development in the region.

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