ASTANA, Kazakhstan, November 1. The EBRD
intends to speculate €2 billion in Kazakhstan’s economic system within the coming
years as a part of the implementation of the inexperienced transition
program, Development reviews.
The dialogue about this plan befell throughout a gathering
between EBRD President Odile Renaud-Basso and Kazakhstan’s
President Kassym-Jomart Tokayev.
Odile Renaud-Basso arrived in Kazakhstan to take part within the
thirty sixth plenary session of the Overseas Buyers Council.
In the course of the assembly, the interlocutors mentioned the prospects
for implementing quite a lot of joint funding initiatives throughout
numerous sectors of the economic system, together with small and medium-sized
companies, finance, housing and utilities, vitality, medication,
agriculture, transport infrastructure, and knowledge expertise.
The pinnacle of state extremely appreciated the strategic nature of
cooperation with the European Financial institution for Reconstruction and
Growth (EBRD) and its contribution to the progress of
Kazakhstan’s economic system.
In flip, the EBRD President shared plans for potential areas of
collaboration aimed toward fostering sustainable development, bettering the
funding local weather, and modernizing the nation. She famous that the
financial institution is intently analyzing funding initiatives in Kazakhstan and
expressed curiosity in additional supporting infrastructure
growth. The EBRD plans to speculate $650 million in Kazakhstan
this 12 months to implement 22 initiatives.
The EBRD President additionally gave a constructive evaluation of the
procurement course of at Samruk-Kazyna, noting that creditor
corporations conduct procurement in response to the fund’s guidelines,
indicating belief in its procurement processes and their
transparency. Kassym-Jomart Tokayev and Odile Renaud-Basso additionally
exchanged views on urgent points of worldwide financial
growth.
In 2022, the EBRD marked 30 years of cooperation with
Kazakhstan. The Board of Administrators authorised the brand new nation
technique for the EBRD in Kazakhstan for 2022-2027 on June 22, 2022,
outlining work in three essential areas:Enhancing the competitiveness and interconnectedness of the non-public
sector; Supporting Kazakhstan on its path to inexperienced growth
towards carbon neutrality and local weather resilience; Selling financial
integration and gender equality by means of non-public sector
participation.
So far, the whole funding by the EBRD in Kazakhstan since
its inception within the nation has reached roughly €10 billion
throughout 312 completely different initiatives. Presently, the EBRD’s portfolio in
Kazakhstan consists of 113 initiatives totaling €2.8 billion, with the
essential portfolio concentrated within the sustainable infrastructure
sector (70 %). Investments within the non-public sector have reached
46 %.
