UNIDO and the Eurasian Development Bank strengthen partnership with new relationship agreement

UNIDO and the Eurasian Development Bank strengthen partnership with new relationship agreement

VIENNA, 28 November 2017 – The United Nations Industrial Development Organization (UNIDO) and the Eurasian Development Bank (EDB) will join forces in promoting inclusive and sustainable industrial development and work towards the achievement of the 2030 Agenda for Sustainable Development.

LI Yong, Director General of UNIDO, and Dmitry Pankin, Chairman of the Management Board of the EDB, signed the Relationship Agreement in Vienna today, on the sidelines of the 17th session of the UNIDO General Conference.

UNIDO and the EDB will collaborate on a wide range of issues such as investment support activities; facilitation of private-public dialogue on investment-related policy issues; and technical assistance and enhancing development impact in the areas of manufacturing, infrastructure development, environment, energy and resource saving. In addition, they will work on the dissemination of good practices in the area of private sector industrial development and implementation and supervision of industrial development strategies.

The EDB is an international financial institution established to promote economic growth in its member states, extend trade and economic ties among them, and support integration in Eurasia through investment. The Bank was conceived and established by the Presidents of the Russian Federation and the Republic of Kazakhstan in 2006, following the signing of an international agreement by Armenia, Belarus, Kyrgyzstan and Tajikistan. In 2007, the Bank acquired the status of an observer at the UN General Assembly, the UN Trade and Development Board (UNCTAD), and at the Eurasian Group on Combating Money Laundering and the Financing of Terrorism (EAG).

For more information, please contact:
Victor Zagrekov 

UNIDO Senior Advisor on Partnerships