The international financial institution, Eurasian Development Bank (EDB), based in Almaty, Kazakhstan, was established in 2006 to support economic development and integration among its member states. It provides banking, credit, and investment management services to industries such as infrastructure, power, chemical, and IT, with the aim of fostering sustainable economic growth and mitigating the effects of global financial crises. The bank's activities also focus on extending trade and economic ties between member states and promoting investment in the region.