The Ministry of Foreign Affairs of the Republic of Kazakhstan and the European Bank for Reconstruction and Development will cooperate
ASTANA, Strengthening of cooperation between Kazakhstan and the European Bank for Reconstruction and Development (EBRD), as well as implementation of joint projects related to the state development programs of the Republic of Kazakhstan were discussed with the Minister of Foreign Affairs Mr. Beibut Atamkulov and EBRD Director for Kazakhstan Mr. Agris Preamishis were discussed at the meeting.
The Head of the State emphasized that the Head of the State pays great attention to cooperation with international financial institutions. Interaction with the EBRD will be strengthened taking into account the new functions of the Foreign Ministry on investment attraction and export promotion. The sides discussed the work of the Foreign Investors Council under the President of Kazakhstan and its upcoming meeting with EBRD President Suma Chakrabarti. The Bank is supporting the establishment of the International Financial Center “Astana”. It was also noted that the successful implementation of the Big Almaty Ring Road Project and the contribution of EBRD to the implementation of other infrastructure projects were highlighted. At present, in some areas of the country it is planned to reconstruct 362 new roads, water supply and irrigation systems, 8 million The EBRD projects are currently under implementation.
EBRD is an international financial institution established in 1991. From Central to Central Asia, and to projects in the South and Eastern Mediterranean. The priorities of the organization include the development of infrastructure that does not have state guarantees and guarantees for the financial sector, support for small and medium-sized businesses, government loans, government guarantees and state-sponsored loans. The Bank also works actively in areas such as natural resources, communications and agro-industry.
Kazakhstan is a member of EBRD since July 27, 1992.
Source: MINISTRY OF FOREIGN AFFAIRS REPUBLIC OF KAZAKHSTAN