EDB and CRS-TS Institute Release Report Highlighting Development Banks' Educational Initiatives

The Eurasian Development Bank, in collaboration with the CAREC Institute, presented an analytical report entitled “Educational Initiatives of Multilateral Development Banks as a Tool for Strengthening Countries' Capacities.” This is the first comprehensive study systematizing the experience of multilateral development banks (MDBs) in the field of educational activities.

The report analyzes the initiatives of 14 development institutions, including the World Bank, the Asian Development Bank, the Development Bank of Latin America and the Caribbean, the International Monetary Fund, and other organizations. The authors conducted a systematic analysis of program objectives, development factors, management and financing models, target audiences, thematic areas, digital platforms, and artificial intelligence integration.

The study emphasizes that MDBs are increasingly moving beyond traditional investment activities and becoming full-fledged knowledge centers. Thanks to large-scale analytical and project work, development banks accumulate unique experience, which they then transfer to partner countries through training programs, seminars, webinars, and long-term courses.

EBRD Deputy Chairman and Chief Economist Evgeny Vinokurov noted that educational initiatives are becoming a key non-investment area of activity for MDBs and are creating public goods.

"Over the next decade, the ADB's training activities will become more open, digital, and adaptive thanks to artificial intelligence and virtual reality. International collaboration and cooperation with EdTech platforms will intensify. By expanding access to knowledge, adapting training to the specificities of individual countries and target groups, and developing professional communities, the ADB will continue to build skills, strengthen the institutional environment, and promote international standards," Vinokurov believes.