26 Jan 2023 14:51

Eurasian Development Bank could invest over $1.1 bln in Kazakhstan in 2023

ALMATY. Jan 26 (Interfax) - Eurasian Development Bank (EDB) plans to invest more than $1.1 billion in Kazakhstan 2023, its CEO Nikolai Podguzov said at a meeting with Kazakh President Kassym-Jomart Tokayev in Astana.

The bank intends to facilitate international investments into Kazakhstan's projects with transport infrastructure and logistics, industry, agro-industrial complex, green energy and water resources considered priority sectors, the presidential press office said in a statement.

Tokayev was informed about EDB's activities, its plans for further cooperation with Kazakhstan and forecasts for the months to come.

The president was also briefed on the implementation of integration projects, in particular such as the construction of the Ayagoz - Bakhty railroad and a Kazakh-Chinese border crossing as the Astrakhan - Mangyshlak water pipeline upgrade.

In addition, Podguzov discussed the meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) to be held from May 15-17 this year in Almaty with attendees from over 80 organizations representing 40 countries, international organizations and Kazakhstan's interested ministries to address investments in the economy of Kazakhstan and the Eurasian Economic Union.

The Eurasian Development Bank is an international financial organization, established for the purposes of assisting the development of the market economies of its state members, as well as ensuring their stable economic growth and expanding trading operations. The states participating in the bank are: Russia and Kazakhstan as founders, as well as Armenia, Tajikistan, Belarus, Kyrgyzstan and Tajikistan as members. The EDB is headquartered in Almaty, Kazakhstan.