The Eurasian Development Bank (EDB) is an international financial institution founded in order to foster economic growth and integration processes in the Eurasian region. The Bank was founded by intergovernmental agreement that was signed in January 2006 by the Russian Federation and Kazakhstan. Later Armenia, Tajikistan and Belarus became members of the Bank.
The EDB member states consistently strive for greater integration in the CIS and EurAsEC contexts, believing that joining efforts and strengthening trade and economic co-operation will help each member to cope with the challenges of globalisation and find a worthy niche in the world division of labour system. The establishment of the Eurasian Development Bank on the initiative of Russia and Kazakhstan is viewed as a major integration project in the financial and economic sphere in the post-Soviet space. The head office of the Bank is located in Almaty, Kazakhstan.
IIts flag is white with its logo and name in the center, and a pale blue (above) and a pale red (underneath) arc line are placed on the flag.