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About the event

On June 27-28, participants of the  Annual meeting & Business Forum of the Eurasian Development Bank, an important event in the field of international cooperation, will gather in Almaty.

  • HOURS
  • :
  • MINUTES
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  • SECONDS

Representatives of multilateral development banks, international organizations, business, scientific and expert circles, professional associations and journalistsfrom different countries will unite on this platform to exchange experiences, discuss topical issues and outline ways of joint development.

The Business forum will become a catalyst for fruitful discussions, new ideas and solutions affecting the economy of the Eurasian region.

As part of the business program, participants will consider a wide range of topics, including:

  • Global economic trends and their impact on the Eurasian region
  • Investing in sustainable development
  • Digital technologies and innovations for Eurasia
  • Water, energy and food in Central Asia
  • The potential of the Eurasian transport framework
Session topics
The Eurasian Transport Network

The synergy of international transport corridors and routes within the Eurasian Transport Network is ensured not through competition, but rather through connection and complementarity of those routes.

More detailed
Water, Energy and Food in Central Asia

Water, energy and food are key components of sustainable economic development, with undeniable interdependence. It is impossible to generate hydroelectric power without water or to supply water to water-scarce regions without energy, and food production depends on both resources.

More detailed
Islamic Finance in Central Asia

The Eurasian Development Bank began to work on establishing its Islamic finance window in 2023, with support from the IDB, to offer funding aligned with Islamic finance principles. As a regional development bank, the EDB plans to serve as a conduit and regional partner for Islamic investment in Central Asia.

More detailed
Digital Technology and Innovations for Eurasia

As part of its programmatic and strategic activities, the Eurasian Development Bank stands out as the only development institution in Eurasia with a dedicated focus on supporting national digital transformation and fostering digital cooperation for cross-border integration.

More detailed
All days
June 26th
Wednesday
June 27th
Thursday
June 28th
Friday
June 29th
Saturday
June 26th
15:00 - 18:00
Networking
June 27th
09:00 - 10:00
Welcome coffee
11:30 - 12:00
Coffee break
Presentation "Promoting High Environmental and Social Standards in Central Asia: EDB Experience and Lessons Learned"
The Small Hall
12:00 - 12:30
Business Forum Opening Ceremony
The Main Hall
14:00 - 15:00
Lunch break
15:00 - 15:30
Research «Eurasian Transport Network»
The Small Hall
June 28th
09:00 - 10:00
Welcome coffee
10:00 - 11:30
Session: The EDB’s Investment Instruments: Results and Prospects
The Main Hall
12:00 - 12:30
Coffee break
Research Presentation: Water and Sanitation in Central Asia
The Small Hall
14:00 - 15:00
Lunch break
15:00 - 17:00
Networking
June 29th
10:00 - 16:00
Tours to investment sites
Media Partners
BNE Intellinews
DKN
DelovoiKazakhstan
Arka
24
Inbusiness
LS
Tazabek
Акчабар
Арминфо
Вечерний Бишкек
Голос Армении
Капитал
Economist
TRT
Contact information
We are ready to answer any of your questions by phone or Email.
Session: The Eurasian Transport Network: Potential, Challenges and Solutions
Thursday, June 27th
15:30 - 17:00
About the session

The synergy of international transport corridors and routes within the Eurasian Transport Network (ETN) is ensured not through competition, but rather through connection and complementarity of those routes.

While transit traffic between Europe and Asia is significant and cost-effective, the internal economic and trade connectivity provided by the ETN in Central Asia and the South Caucasus is even more crucial. In the region’s landlocked countries, new transportation options lead to increased trade, job creation, tax revenues, human mobility and associated multiplier effects.

Container shipping is the most sought-after and effective mode, facilitating high-value freight transportation along the ETN. International efforts should focus on promoting container services and infrastructure in the region.

The development of transport infrastructure yields significant socioeconomic effects, but is hindered by various administrative barriers, especially regarding intercountry interactions. Key to addressing these challenges is fostering interaction and harmonised positions across all stakeholders, with the active participation of international development institutions involved in such initiatives.

Moderator
Yevgeny Nadorshin
Macroeconomist                                                                                                                                                                
Speakers
Miroslaw Antonowicz
Chairman of the Committee, Organisation for Co-operation between Railways
Dmitry Volvach
Deputy Minister, Ministry of Economic Development of the Russian Federation (via video)
Kabir Jurazoda
Director, Central Asia Regional Economic Cooperation Institute                                                                                                            
Vladimir Kazbekov
Vice President and Chief Operating Officer, New Development Bank                                                                                                            
Alevtina Kirillova
General Director, Eurasian AgroLogistics                                                                                                            
Umut Ercewahir
CFO Senior Vice President, "Almaty International Airport"
Starting from 2020 Umut Ercevahir holds a prominent role within TAV Kazakhstan, managing finance in a diverse portfolio of group companies, including two main operating entities - Almaty International Airport JSC and Almaty Catering Services LLP which provides on-board catering services. With Almaty International Airport serving approximately 11.5 million passengers and boasting a workforce of around 3,300 employees, his leadership is instrumental in steering the success of these entities. He spearheads critical financial functions including treasury management, budgeting, financial reporting, accounting, tax planning, and corporate finance. His adept leadership of a team comprising 80 employees, including 7 Managers, ensures seamless operations across these departments.
Iaroslav Mandron
Vice Chairman of the Management Board, Eurasian Development Bank                                                                                                                   
Aliya Murzagalieva
Managing Director, Baiterek                                                                                                                   
Olga Revzina
Partner, Head of CIS, Central and Eastern Europe Practice, Herbert Smith Freehills Paris Office
Olga is a highly experienced projects partner who specializes in large-scale and complex renewable energy and infrastructure development projects in emerging markets. She advises both private international sponsors and lenders (as well as subcontractors and operators), and public clients (including State authorities and State-owned companies) and on all aspects of cross-border projects in the renewable energy & infrastructure sectors, with a particular focus on the CIS and CEE countries, assisting international clients on all aspects of their business in the region including Kazakhstan, Uzbekistan, Kyrgyzstan and other countries. Olga was one of the few lawyers involved in the very first attempts to implement PPP projects in Russia in the early 2000s. Prior to relocation to Paris, Olga was ranked as a leading lawyer for projects and PPP work in Russia (and emerging markets) by the leading legal directories for a period of 14 years, including Band 1 for Projects in Infrastructure – Russia by Chambers Europe and "Leading Individual" in PPP and Infrastructure Projects – Russia by Legal 500 EMEA.
Zhandos Shaikhy
Deputy Chairman of the Board, JSC "NUH "Baiterek"                                                                                                                         
Session: Water, Energy and Food in Central Asia: Partnerships and Projects for Sustainable Development
Thursday, June 27th
12:30 - 14:00
About the session

Water, energy and food are key components of sustainable economic development, with undeniable interdependence. It is impossible to generate hydroelectric power without water or to supply water to water-scarce regions without energy, and food production depends on both resources.

The water, energy and food nexus directly impacts achievement of the United Nations’ SDGs 2, 6 and 7 (food, water and energy security). Furthermore, it indirectly 4 influences SDGs 11 and 12 (sustainable cities and responsible production and consumption).

Water scarcity is already having a profound impact on economic development in Central Asia, reshaping various sectors. Water, energy and food security stand among the region’s top long-term development priorities. Addressing the water, energy and food nexus requires optimised resource usage, enhanced efficiency, political coherence and joint management of transboundary water resources by all Central Asian countries.

This challenge particularly impacts agriculture. The sector is a major employer, relies on irrigated farming, consumes up to 90% of available water, and exhibits low water use efficiency. Despite considerable irrigation infrastructure, its deterioration and outdated operational principles result in substantial water losses. The irrigation infrastructure is over 50 years old, and 40% of the water is lost through irrigation canals. Water shortages are exacerbated by the countries’ outdated energy system, requiring additional water storage in reservoirs during spring and summer for efficient power generation in winter. However, this process conflicts with summer water demands for irrigation.

Moderator
Evgeny Vinokurov
Vice Chairman of the Management Board and Chief Economist, Eurasian Development Bank                                                                                          
Speakers
Sergey Turapin
Acting Director, FGBNU VNII "Raduga"
Utsav Kumar
Country Director, Kazakhstan Resident Mission, Asian Development Bank                                                                                                     
Nurjan Nurzhigitov
Minister of Water Resources and Irrigation of the Republic of Kazakhstan                                                                                                  
Askhat Orazbay
Chairman of the Executive Committee, International Fund for Saving the Aral Sea (IFAS)
Sukhrob Khojimatov
UNDP Deputy Resident Representative in Kazakhstan                                                                                                                             
Michael Detlefseen
Head of the Department of Innovative Finance and International Financial Institutions, UNIDO
Michael Dethlefsen graduated from the Technical University of Denmark in 1989 and holds a MBA equivalent in International Finance and Foreign Trade from Copenhagen Business School. Having served for almost 10 years in various positions in the financial services industry (Associate Director at Deutsche Bank AG, Principal Banker at the European Bank for Reconstruction and Development (EBRD), Business Development Director at Transamerica Corporation, Private Equity Manager at Templeton Asset Management Ltd), Michael “swapped” tables and moved into the field of procurement and supply chain management. Starting off as acting CEO and Chief Procurement Officer (CPO) at the United Nations Mission in Kosovo (UNMIK), he assumed overall procurement responsibility for all entities of the Provisional Institutions of Self-Government in Kosovo. Subsequent to this, he assumed the role as Chief Procurement Officer at the Organization for Security and Co-operation in Europe (OSCE). Since September 2009, he occupied the post as Chief, Procurement Services Division at UNIDO. In the context of a major restructuring at UNIDO, Michael is heading the newly created Division of Innovative Finance and International Financial Institutions since August 2022.
Qi Jianxin
General Representative in CA of Vodar, Irrigation Equipment Manufacturer
Year of birth 20.10. 1968. MBA, Business School, National University of Singapore, Deputy General Manager of PetroChina Central Asia Russia Investment, 2002-2016, Executive Director of China Fudi Group, 2017-2024.
Session: Digital Technology and Innovations for Eurasia
Friday, June 28th
12:30 - 14:00
About the session

As part of its programmatic and strategic activities, the Eurasian Development Bank stands out as the only development institution in Eurasia with a dedicated focus on supporting national digital transformation and fostering digital cooperation for cross-border integration.

The EDB and its Fund for Digital Initiatives direct their efforts toward bolstering national and integrative digital competencies through grants, loans and equity participation.

In addition, the EDB is actively working to implement venture capital financing. Venture financing enables support for startups, whose funding through conventional banking models is often challenging due to the specifics of this domain. This direction is quite important, as many development institutions and banks provide support to startups through venture capital instruments. Notably, the European Bank for Reconstruction and Development and the World Bank Group extensively utilise venture capital methods.

Another important tool in advancing digital transformation is the project approach based on the following principle: problem – problem formulation – project design/solution – project financing and implementation – policy formulation for scaling up outcomes. Successful digital projects and their scalability substantially reduce transaction costs for new entrants, enabling them to benefit from projects without significant capital investment in the problem identification and solution development cycle.

Moderator
Tigran Sargsyan
Deputy Chairman of the Board, Eurasian Development Bank                                                                                                                           
Speakers
Askar Zhambaev
Vice Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan                                                                     
Aslan Abdraimov
Vice-Minister of Water Resources and Irrigation of Kazakhstan                                                                                                             
Mochu Natalia
Regional Director, International Telecommunication Union for Commonwealth of Independent States                                                                                                             
Dmitry Mun
Deputy Chairman of the Board, JSC "National Information Technologies"                                                                                                     
Olesya Orlova
General Director, PROfashion Media Holding
Olesya Orlova is the co-owner, founder, ideological inspirer and CEO of Profession LLC, a media holding company that has been publishing the leading industry publication about the fashion industry PROfashion since 2006. An international specialist. He regularly participates as a speaker in conferences and round tables on fashion retail, marketing, production, government programs, etc.
Dmitry Ioffe
Chairman, "Clean Games" NGO
In 2014, he established the Environmental Volunteer Project 'Clean Games' in St. Petersburg and the Leningrad Region. He began expanding the project to other regions of Russia in 2015. In 2017, the Agency for Strategic Initiatives awarded him the title of social project leader. 'Clean Games' was elevated to an international level in 2018, with events held in 38 countries at that time. In the same year, he was named the best eco-volunteer in the country. He won 1st place in the "Around Me" category for volunteers over 18 years old in the 'Volunteer of Russia 2018' competition.
Andrey Davydyuk
General Director, "Motorika" LLC
Business angel and CEO of “Motorica”. He joined the company in 2014 and elevated "Motorica" to the level of the largest manufacturer of functional arm prosthetics in Russia and one of the top 10 in the world. Today, the company is ranked in the Top 3 MedTech companies in Russia (SmartRanking). In 2023, it became the first prosthetics company on the bond market in Russia, with plans for an IPO in 2026. Mr Daviduyk is also a Chairman of the Cybathletics Union, an association of developers of assistive technologies, and a platform for competition for users of technical rehabilitation devices including prosthetic arms and legs, electric wheelchairs and neuro devices. Cybathletics is a part of The Games of the Future.
Artur Arakelyan
Member of the Board (Minister) for Energy and Infrastructure, EEC, "Impulse" LLC
Arthur Arakelyan is the founder and ideological inspirer of the educational company “Impulse”, which began its work in 2019. In this role, he is responsible for the strategic development of the company, maintaining its mission and values, and is also involved in operational management. Artur Arakelyan completed his bachelor's degree at the Higher School of Economics at the Faculty of Physics, his master's degree at the Moscow State University Higher School of Business, and is currently studying and writing his candidate's thesis at the Russian-Armenian University in Yerevan. Artur Arakelyan is the winner of many physics and mathematics Olympiads, taught at schools and gave lectures for schoolchildren at the Higher School of Economics. Before founding the Impulse company, he was involved in organizing concerts and other events for more than two years. I managed to work in various companies as a head of sales department, analyst and project manager. He regularly speaks at various conferences, has won numerous accelerators and received grant funding from the Innovation Fund.
Renat Bekturov
CEO of AIFC
Mr. Renat Bekturov, ex-Director and CEO of AIX. Previously held a position of the Head of Asset management development department of AIFC Authority. He has over 16 years of experience in financial services industry. Prior to joining AIFCA he was head of Treasury at the National Investment Corporation of the National Bank of Kazakhstan. Mr. Bekturov also worked at the Development Bank of Kazakhstan and was involved in number of the landmark debt capital market transactions, such as first Sukuk issue in CIS region. Renat is a member of the Presidential Youth Personnel Reserve. Renat holds MSc degree in Banking and Finance with Distinction from University of Leicester and is a CFA Charter holder.
Session: Islamic Finance in Central Asia
Thursday, June 27th
10:00 - 11:30
About the session

As of the beginning of 2024, global Islamic finance assets totalled approximately US $4.0 trillion, constituting almost 2% of global banking sector assets.

The segment is experiencing rapid growth, with Islamic assets globally expanding at an average annual rate of 10.5% between 2015 and 2021, compared to 5.8% for conventional financial assets.

Islamic banks operate in over 40 countries. In most nations with developed Islamic finance, it coexists effectively with conventional finance. Besides the Gulf and Southeast Asian countries, Europe and North Africa are witnessing active 3 development of Islamic finance. The UK is Europe’s largest market and leader in Islamic banking (US $7.5 billion in assets).

In the Central Asian countries, the Islamic finance sector is in its nascent stage, with Islamic financial instruments accounting for 0.2% to 1.5% of banking assets. The sector’s structure is still evolving. Kazakhstan leads the region in Islamic finance development, representing 68% of all Islamic finance in the Central Asian countries.

A crucial element of the Islamic finance infrastructure is the presence of international development institutions, which serve as knowledge conduits and benchmarks for investment in the region. The Islamic Development Bank (IDB) Group provides development finance to the public and private sectors.

Moderator
YahyaRehman
Yahya Rehman
Deputy Managing Director, Islamic Development Bank Institute
Yahya Rehman heads the Islamic finance research, capacity building, technical assistance, and advisory team at the Islamic Development Bank Institute (IsDBI). Yahya is a Development Economist and Advisory Services Leader with over two decades of global experience and expertise in Islamic finance, strategy development, feasibility studies, business planning, capacity building, and project management. Yahya is a member of the AAOIFI Board of Trustees and sits on the AAOIFI’s Audit and Governance, and Nominations Committees, and the AAOIFI Education Board. Yahya is also a member of various technical working groups of the IFSB and CIBAFI. Yahya is also a member of the Executive Committee of the Global Islamic Finance and Impact Investing Platform (GIFIIP) – a joint initiative of the IsDB and UNDP.
Speakers
Dr. Sami Al-Suwailem
Acting Director General, Islamic Development Bank Institute
Dr. Al-Suwailem is currently Acting Director General of the Islamic Development Bank Institute (IsDBI), the Islamic Development Bank Group, Jeddah, Saudi Arabia. Before joining IRTI in 2004, Dr. Al-Suwailem managed the Research and Development Center at Al-Rajhi Bank, Riyadh, Saudi Arabia. He worked at the Institute of Islamic and Arabic Sciences in America, Virginia; Southern Illinois University Carbondale, Illinois, USA; and King Saud University, Riyadh, Saudi Arabia. Dr. Al-Suwailem held membership in several professional committees, including the Technical Committee of the Islamic Financial Services Board; Economic Committee of Awqaf at the Ministry of Islamic Affairs in Riyadh; Academic Committee in Islamic Fiqh Academy of Muslim World League; Liquidity Risk Management Working Group at IFSB; and Task Force for Islamic Finance and Global Financial Stability at IsDB, among others. He obtained his M.A. from Southern Illinois University in 1990, and his Ph.D. from Washington University, St. Louis, Missouri, in 1995. He authored many books and published several papers on Islamic economics and finance.
Hamza Khalid Bawazir
Executive Vice President and Head of Sharia Department, Saudi National Bank
Mr. Hamza Bawazir serves as the Executive Vise President, Head of Shariah Division of Saudi National Bank. Saudi National Bank, headquartered in Riyadh, Saudi Arabia, also known as SNB AlAhli, is the largest commercial bank in Saudi Arabia, with total assets US$ 273.9 billion (2022). The Bank was founded in December 1953 under the name of the National Commercial Bank “NCB”. In April 2021, National Commercial Bank merged with Samba Financial Group under the name of Saudi National Bank Mr. Hamza holds Executive MBA, Bachelor’s degree in Shariah Jurisprudence. CMA of IMA, Member of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Board of Trustees, a Member of IIFM Board of Directors and Member of CIBAFI Board of Directors.
Gordon Haskins
Chairman of the Board, Al Hilal Bank
Gordon Haskins has been CEO and Chairman of the Management Board of Al Hilal Bank Kazakhstan since 2016. AHBK is part of the Abu Dhabi Commercial Bank group, the UAE’s 3rd largest banking group. Gordon has more than 30 years of experience in banking and law. Prior to joining AHBK, Gordon was Country Executive, Chairman of the Management Board, and member of the Board of Directors of RBS Kazakhstan for 3 years and, previously, was Chief Operating Officer for the DCM & derivatives business for the EMEA region. He worked with RBS Group for over 13 years, having also been Managing Director in Regulatory Developments and Head of Transaction Execution in the Secured Corporate Debt business.Gordon started his career as a lawyer, working for nearly 12 years in both London (with Clifford Chance) and Vancouver (with Davis & Co, now DLA Piper). He holds an undergraduate degree in history and politics from University of British Columbia in Vancouver (1987) and a law degree from the University of Toronto (1991).
Madina Abylkassymova
Chairman, Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market
Madina Abylkassymova is the Chairperson of the Agency for Regulation and Development of Financial Market. She took office as the Chair of the newly established financial regulatory authority of Kazakhstan in January, 2020. Prior to her current appointment, Ms. Abylkassymova was a Deputy Governor of the National Bank of Kazakhstan. In this capacity she oversaw monetary policy, financial stability, financial market statistics, balance of payments and international cooperation issues. Ms. Abylkassymova has more than 20 years of experience in public service with a focus on strategic economic development issues and international economic relations. She held various leading positions within the Ministry of National Economy, Ministry of Economic Development and Trade, Centre for Strategic Development and Analysis at the President’s Administration, Prime Minister's Office. Madina Abylkassymova is a graduate from the Kazakh State Academy of Management. She holds a Master of Economics Management from Columbia University and a Master of Public Administration from Harvard University’s John F. Kennedy School of Government.
Ruslan Dalenov
Deputy Chairman of the Board, Eurasian Development Bank
Ruslan Dalenov is the Deputy Chairman of the Board of the Eurasian Development Bank since February 2021. He is responsible for the project sector and development of Islamic finance within the Bank. Before his appointment to the EDB, he was the Minister of National Economy of the Republic of Kazakhstan from 2019. He held the posts of First Vice-Minister of National Economy and Vice-Minister of Finance of the Republic of Kazakhstan. He worked in various positions in the Tax Committee, the Ministry of Finance and the Ministry of State Revenue of the Republic of Kazakhstan. Ruslan Dalenov graduated from Marmara University (Republic of Turkey) and the Financial Academy (Republic of Kazakhstan).
Plenary Session: Collaboration of MDBs: Addressing Global Challenges through Local Lenses
Wednesday, June 26th
10:00 - 11:30
About the session

The role, weight and importance of emerging markets and developing economies in the global economy are rapidly increasing – today, they account for 58% of the world’s GDP and 85% of its population. However, their growth prospects are not without challenges, as these countries increasingly need additional funding to develop sustainably. The total need for infrastructure financing until 2040 is estimated at nearly US $40 trillion. The growing financing gap impedes the construction and modernisation of essential infrastructure such as roads, railways, electricity and water supply. Multilateral development banks (MDBs) must step in to assist.

Globalisation processes present common challenges, yet, the world operates in a “glocal” mode, with each region having its specific characteristics. Acknowledging these specifics is crucial for effective economic strategies. The EDB proposes discussing several challenges that are global in nature but are applicable to many developing economies. In addition, we would like to do this through the regional “lenses” of Central Asia.

Strengthening the role and significance of MDBs is a top priority of the G20 agenda. The G20’s International Financial Architecture Working Group (IFAWG) is working toward this objective. This year, the G20 established a dedicated group on MDBs (IFA-MDB). In September 2023, G20 leaders urged MDBs to undertake a comprehensive effort to reshape their vision, incentive structures, operational approaches and financial capabilities to maximise their impact in addressing global challenges, in alignment with their mandate and commitment to help achieve the Sustainable Development Goals. Addressing global challenges requires the 2 involvement of all members of the MDB system. The family of international financial institutions, typically associated with major financial entities, will be more effective as an integrated system with horizontal and vertical linkages. It is crucial to ensure that MDB collaboration at all levels – global, regional and subregional – is complementary.

Модератор
Конрад Альбрехт
CEO Компании “Company”
Спикеры
Александр Бажин
CEO Компании “Company”
Александр Бажин
CEO Компании “Company”
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