Eurasian Development Bank
Eurasian Development Bank
10/18/2024 | Press release | Distributed by Public on 10/18/2024 03:24
The EDB participates in public-private partnership discussions at the 3rd International Conference on PPPs in the Kyrgyz Republic
Bishkek, 18 October 2024. Svetlana Maslova, Director of PPP Projects at the Eurasian Development Bank (EDB), spoke at the session titled International Cooperation:the PPP Centre of the Kyrgyz Republic and International Financial Institutions in Project Implementation and presented the Bank's comprehensive approach to advancing PPPs in Kyrgyzstan.
"Our cooperation with the PPP Centre aims to enhance PPP competencies, expand the local PPP community, develop the institutional environment, improve project preparation, PPP legislation and transparency and streamline processes, including the digitalisation of PPP management decisions. These developments enable the mobilisation of private investment and expand the pool of PPP projects, in which the Bank plans to participate," noted Svetlana Maslova.
Other participants in the session included representatives from the Asian Development Bank, the World Bank and the International Finance Corporation.
Svetlana Maslova also presented the results of the Country Review titled PPP Legal Environment in Eurasia. The review was prepared with support from the national PPP centres of the Bank's member states, as well as representatives from Eurasia's investment and banking sectors and the academic and expert communities.
Reviews of PPP legislation are an important element of international organisations' activities, especially those of multilateral development banks. The European Bank for Reconstruction and Development and the World Bank are among the institutions actively exploring this topic.
"The EDB's initiative to conduct a country review aligns with practices pursued by leading MDBs. What sets it apart, however, are the objectives and scope of the review, reflecting the EDB's significant contribution to PPP development in Eurasia. Firstly, the Country Review does not aim to rank the PPP laws of EDB member states to determine the 'best' legal framework, as this legislation reflects each nation's legal culture, values and background, correlating with its level of economic development. The review examines national PPP laws from the perspective of promoting PPPs within national jurisdictions and beyond, as well as the potential for further harmonisation of PPP regulations in Eurasia. Secondly, the Country Review takes a broader focus, addressing, beyond the standard criteria used by the EBRD and the WB to assess PPP regulations, those stemming from global and regional PPP development trends, such as PPPs as a means to achieve the SDGs and implement the ESG agenda, digitalisation of PPPs and cross-border PPPs," Svetlana Maslova emphasised.
Participants in the EDB's session noted that the Country Review will help highlight the advantages and support mechanisms available in legislation for PPP projects, PPP investment risks and possible solutions to legal gaps and conflicts in national PPP regulations to make PPP projects more attractive to investors and lenders.
The 3rd International Conference on PPPs took place in Bishkek, Kyrgyz Republic, on 16-17 October 2024. The EDB is a partner of the event alongside other international organisations such as the World Bank, the International Finance Corporation, UNICEF, UNESCAP, UNECE, WAPPP, the Istanbul PPP Centre of Excellence, PPP Expertise Eurasia, the Investment Council, Toyo University, the Global PPP Forum and the Commercial Law Development Programme. The forum brought together leading global and regional experts to discuss issues and prospects for PPP development in Kyrgyzstan and Central Asia.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
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