Kazakhstan and The European Bank for Reconstruction and Development (EBRD) will continue to work together to support transport infrastructure, green energy, small and medium-sized businesses, agriculture, and information technology in the country.
Kazakhstan’s Prime Minister Olzhas Bektenov and EBRD President Odile Renaud-Basso discussed cooperation in these sectors on Monday (23 June) ahead of the 37th plenary session of the Foreign Investors Council.
Odile Renaud-Basso highlighted the record increase in the EBRD investments in Kazakhstan last year, emphasizing the EBRD's strong interest in further deepening cooperation and jointly implementing projects focused on building a sustainable economy. She affirmed that the EBRD will continue to support the execution of initiatives under the National Infrastructure Plan through 2029.
“We highly value the strategic nature of our cooperation with the European Bank for Reconstruction and Development. Just last year, we signed 25 new projects with the Bank, totaling a record $935 million across key priority sectors. The Government of Kazakhstan is ready to further deepen its partnership with the Bank across a wide range of mutually beneficial areas,” Olzhas Bektenov stated at the meeting with EBRD President held ahead of the 37th plenary session of the Foreign Investors Council in Astana, Kazakhstan.
In 2024, the Bank expressed support to 25 projects, including the EBRD’s largest municipal project in Central Asia - construction of new wastewater treatment plant and related infrastructure in Aktobe, as well as the country’s first major public-private partnership (PPP) project for building a 630-bed multidisciplinary hospital in Kokshetau. The focus was also placed on supporting small and medium-sized businesses through consulting services and providing credit lines via domestic financial institutions.
The current portfolio includes 129 active projects valued at more than $3.2 billion, with 75% concentrated in the sustainable infrastructure sector. Since the beginning of their partnership, a total of 340 projects worth $11.6 billion have been implemented.
During the meeting, the sides highlighted the joint development of Kazakhstan’s Just Energy Transition Partnership (JETP) platform that would serve as a vital tool for attracting green investments to the country’s energy sector.
A project to build a substation in Astana which was considered with the purpose to enhance power supply reliability and meet the capital’s increasing electricity demand.
European Commission President Ursula von der Leyen on Monday voiced strong support for Lithuania, condemning the repeated incursions of helium-filled ...
Moldovan President Maia Sandu has warned that Russia is recalibrating its political strategy following recent regional elections and intends to contin...
Hamas is expected to hand over the remains of an Israeli hostage on Monday night as part of the ongoing Gaza ceasefire agreement, Israeli media report...
Diplomatic sources in Istanbul indicate that negotiators from Afghanistan and Pakistan have reached an agreement on the most significant issues, with ...
British Prime Minister Keir Starmer signed a deal on Monday in which Türkiye bought 20 Eurofighter Typhoon jets for 8 billion pounds ($10.7 billion),...
Kazakhstan has announced its readiness to take part in the creation of a Turkic large language model, a joint initiative designed to unite the scientific and technological potential of Turkic-speaking nations in the field of artificial intelligence.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 22 October, covering the latest developments you need to know.
Azerbaijani President Ilham Aliyev has announced the lifting of restrictions on the transit of goods to Armenia through Azerbaijani territory, during a meeting with Kazakhstan’s President Kassym-Jomart Tokayev.
The Zangezur Corridor is progressing steadily, with hopes it could open by the end of 2028, President of Azerbaijan Ilham Aliyev said in a statement to the press alongside Kazakhstan’s President Kassym-Jomart Tokayev.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Uzbek President Shavkat Mirziyoyev has met with U.S. President Donald Trump’s Special Envoy for South and Central Asia, Sergio Gor, to discuss preparations for next week’s planned C5+1 Leaders’ Summit in Washington.
Moldovan President Maia Sandu has warned that Russia is recalibrating its political strategy following recent regional elections and intends to continue interfering in political processes across multiple countries, including Moldova and Armenia, Caliber.Az reported, citing Moldovan media.
Armenia’s foreign minister says the presidents of Azerbaijan and Türkiye have been verbally invited to attend the 8th European Political Community summit due in Yerevan next spring.
Iran's Minister of Road and Urban Development Farzaneh Sadegh has said that Iran and Russia are scheduled to sign a railway agreement next month in Moscow.
Armenian Foreign Minister Ararat Mirzoyan has dismissed debate over who benefits more from recent agreements with Azerbaijan, calling the talks a mutual gain.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment