The Fund for Digital Initiatives of the Eurasian Development Bank has signed a Memorandum of Cooperation with Kazakhstan's Ministry of AI and Digitalization. The agreement was signed during the Digital Qazaqstan forum held on 27 March in Shymkent.

The memorandum outlines a strategic partnership to introduce AI technologies and support digital projects. Areas of cooperation include identifying and implementing joint AI projects, exchanging expertise, and strengthening both sides' capacities as centres of AI competence.

Also, the agreement is intended to deepen the partnership and support Kazakhstan's strategic objectives for AI development. It also links the memorandum to wider efforts to expand cooperation between the bank's digital initiatives fund and the ministry.

During the forum, Vice Chairman of the Management Board, Tigran Sargsyan, held a working meeting with Deputy Prime Minister and Minister of AI and Digitalization, Zhaslan Madiyev. The discussion covered prospects for broader cooperation, priority projects, and tools to support AI adoption in key sectors of Kazakhstan's economy.

Sargsyan described 2025 as a record year for the bank in Kazakhstan, with the most projects implemented in digital public administration, platform solutions, and AI deployment. Madiyev, in turn, proposed creating a registry of Kazakhstan's open-source e-government component solutions for possible replication across EDB member states.

The announcement presents the memorandum as part of the Eurasian Development Bank's broader support for digital transformation and AI development across its member states.