News

ADB President, Kazakhstan minister of national economy discuss support for COVID-19 response

Asian Development Bank (ADB) President Masatsugu Asakawa and Kazakhstan’s Minister of National Economy Ruslan Dalenov discussed how ADB can support Kazakhstan in its fight against the COVID-19 pandemic.

First ever local auction to boost Kazakhstan’s renewable energy market

Kazakhstan for the first time conducted a solar auction that will lease out 100 hectares of public land to develop solar energy, connecting 40,000 householders to the grid.

EBRD allocates $150 million for infrastructure development in Tajikistan

A $150 million loan by the EBRD will finance the construction of a 44-kilometer stretch of the M41 road, the main transport corridor in the country linking Tajikistan with the Kyrgyz Republic, Kazakhstan, and China.

ADB deal with RG Brands to support women-run businesses in Kazakhstan, Kyrgyz Republic

The Asian Development Bank (ADB) and RG Brands, a leading food and beverage group in Kazakhstan, signed a $20 million loan to modernize operations along the company’s regional distribution chain.

Kazakhstan farmers to become key players in regional meat exports

The World Bank and the Ministry of Agriculture of the Republic of Kazakhstan publicly discussed the details of the proposed Sustainable Livestock Development Project aimed at facilitating the development of an environmentally sustainable, inclusive, and competitive livestock sector in Kazakhstan.

EBRD president praises Kazakhstan’s investment potential

In addition to its geographical location at the crossroads of transcontinental trade routes connecting Europe and Asia and being a key component of the Belt and Road Initiative, Kazakhstan also offers an attractive investment climate, abundant resources in renewable energy, and “high quality human capital,” according to EBRD President Suma Chakrabarti.

ADB to help improve connectivity, road safety in Kazakhstan

The Asian Development Bank (ADB) has approved a $167.02 million loan for a project that will rehabilitate and reconstruct 89 kilometers of road between Aktobe and Kandyagash, which will connect major trade routes in Kazakhstan and improving the country’s connectivity, trade activities, and road safety.

EBRD and Green Climate Fund commit up to $6.4 million to finance new solar plant in Kazakhstan

The EBRD, in partnership with the Green Climate Fund (GCF), is stepping up its efforts to support renewables in Kazakhstan with a loan of up to $6.4 million to finance a new 10 MW solar plant in the Zhanakorgan District in southern Kazakhstan.

EBRD extends renewable energy program for Kazakhstan

The EBRD is pledging fresh funds to support Kazakhstan’s drive as a regional leader to promote renewable energy, with the help of a second phase of the Bank’s Kazakhstan Renewables Framework of up to €300 million.

ADB-supported irrigation project to improve Kazakhstan’s agricultural productivity

The Asian Development Bank (ADB) has approved a $249.8 million equivalent loan in local currency (tenge) to the Republican State Enterprise Kazvodkhoz, a state-owned enterprise dealing with water facilities, to help in the rehabilitation and improvement of irrigation networks serving 171,000 hectares of land in four provinces in Kazakhstan.