News

ISDB finances the first public-private partnership toll-road concession in Kazakhstan

The Islamic Development Bank (ISDB) together with other multilateral co-financiers participated in providing joint funding of $585 million to BAKAD Investment and Operation Limited Liability Partnership, a project company set up to develop and operate a 66-kilometer Ring Road north of Almaty on a public-private partnership basis.

EBRD ensures sustainable operations of KazTransGaz

The facility of up to €243.5 million will help KazTransGas address the company’s liquidity and working-capital needs caused by the economic impact of the coronavirus crisis, and will also secure the uninterrupted supply of natural gas to households across Kazakhstan.

ADB approves $1 billion assistance package to support Kazakhstan’s pandemic response

The Asian Development Bank (ADB) has approved a $1 billion assistance package to help the Government of Kazakhstan mitigate the health, social, and economic impacts of the coronavirus disease (COVID-19) pandemic.

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.