News

·         The Role of Exchange-Traded Financial Instruments Denominated in the National Currencies of the EAEU Member States in Stimulating Economic Development

·         Practical Considerations of Developing an Integrated Foreign Exchange Market in the EAEU. The Union Member State National Currency Direct Exchange Rate Generation Mechanisms. Ways of Expanding the Use of the EAEU Member State National Currencies in Mutual Trade Settlements

·         International Experience in Implementing Targeted Economic Development Assistance Programs. International Programs and Projects of Inclusive Development.

Session devoted to The Role of Exchange-Traded Financial Instruments Denominated in the National Currencies of the EAEU Member States in Stimulating Economic Development

Date and time: May 26, 9:20 – 10:50 (local time)

Venue: Bishkek, 16 Manas Avenue, Novotel Hotel, Hall No. 1

Session moderators: Sergey Danov, Director for the EAEU's Capital Markets Integration of the Moscow Exchange, and Arman Khachatryan, Director of the Financial Policy Department of the Eurasian Economic Commission.

The session is to be attended by representatives of the Member States' financial market regulators, heads of stock exchanges, and the Astana International Financial Center.

Establishing a single EAEU financial market and creating a common exchange space within the EAEU are priority areas of integration cooperation in the Eurasian space. According to experts, the functioning of the single financial market will increase the share of the EAEU Member States' total financial assets, the share of mutual investments, and the stock market capitalization, stimulate active exchange trading in the EAEU. The common exchange system will significantly expand mutual trade and investment cooperation between our countries, increase cross-border activities of market participants and the use of financial instruments denominated in national currencies.

Session devoted to Practical Considerations of Developing an Integrated Foreign Exchange Market in the EAEU. The Union Member State National Currency Direct Exchange Rate Generation Mechanisms. Ways of Expanding the Use of the EAEU Member State National Currencies in Mutual Trade Settlements

Date and time: May 26, 11:10 – 12:40 (local time)

Venue: Bishkek, 16 Manas Avenue, Novotel Hotel, Hall No. 1

Session moderators: Alexander Murychev, Vice-President for Financial Policy and Development of Economic Sectors of the Russian Union of Industrialists and Entrepreneurs (RUIE), and Arman Khachatryan, Director of the Financial Policy Department of the Eurasian Economic Commission.

The heads of national (central) banks of the EAEU Member States, the Union countries' stock exchanges, and the Ministry of Energy of the Kyrgyz Republic will speak at the session.

The key considerations in establishing the EAEU integrated currency market include ensuring unhindered mutual access of financial market participants – residents of the EAEU countries to each other's organized currency markets; development of mechanisms for national currency direct exchange rate generation; efficient coordination of the national (central) banks' exchange rate policy, as well as measures to increase the liquidity of the internal currency markets in the EAEU countries.

To increase the number of settlements in national currencies, the utilization of financial products denominated in national currencies shall be stimulated, work shall be intensified to ensure the direct conversion of currency pairs and the establishment of a common payment space in the EAEU, to accelerate the development of mutual trade and financial flows between our countries, to reduce non-tariff barriers, as well as to actively organize the common EAEU markets, including energy markets.

Session "International Experience in Implementing Targeted Economic Development Assistance Programs. International Programs and Projects of Inclusive Development"

Date and time: May 26, 13:00 – 14:30 (local time)

Venue: Bishkek, 16 Manas Avenue, Novotel Hotel, Hall No. 1

Session moderators: Alexander Murychev, Vice-President for Financial Policy and Development of Economic Sectors of the Russian Union of Industrialists and Entrepreneurs (RUIE), and Arman Khachatryan, Director of the Financial Policy Department of the Eurasian Economic Commission.

The heads of the Member States' ministries of finance and national (central) banks, as well as the authorities of leading regional and international development institutions will speak at the session.

In the current global economy, the new role of international development institutions in the Eurasian space resides in the accelerated elaboration and implementation of mechanisms for targeted assistance in maintaining macroeconomic stability and ensuring economic growth of the EAEU Member States.

The key tasks include: promoting the development of trade finance mechanisms and mutual investments in the national currencies of the Member States; development, diversification and scope expansion of the financial instruments aimed at developing mutual trade within the EAEU; implementation and scaling of integration investment programs for the cooperation development in the manufacturing industry sector; targeted financing of programs for the development of catching-up economies in the Member States, as well as the generation of the required legal framework therefor; implementation of projects aimed at restoring the economies of the Member States affected by internal and external shocks.