MFI investments in Eurasia have fallen by 17% over 17 years

The Eurasian Development Bank (EDB) has published an analytical report entitled ‘Investing in the Future: Projects of International Financial Organisations in Eurasia’. The main conclusion of the study is that over the past 17 years, the volume of non-sovereign financing in the region has decreased by 17.4% in real terms. The decline was influenced by dollar inflation, weak global investment dynamics, and the reorientation of a number of international organisations.

Despite the overall decline, the structure of investments has changed. Since 2018, the EDB has overtaken the EBRD and become the leader in attracting funds, with Central Asia accumulating 63% of investments in 2022–2024. Kazakhstan ranked first in terms of financing volume, with $5.9 billion.

At the same time, the share of green projects is growing. While they accounted for 8% of investments in 2008–2010, they will account for 32% in 2022–2024. However, the decline in investment in industry, agriculture and digital infrastructure creates a risk of imbalance. The EDB has proposed eight measures for diversification, including support for industrial enterprises, transport and water security, and the expansion of settlements in national currencies.