News

World Bank Group’s managing director visits Kazakhstan, discusses development priorities and enhanced collaboration

The World Bank Group’s Managing Director and Chief Operating Officer, Sri Mulyani Indrawati, paid an official visit to Kazakhstan. The main goal of the visit was to discuss the World Bank Group enhanced collaboration with Kazakhstan under the new Partnership Framework Arrangement signed in May 2014.

EBRD lends 30 billion tenge to Kazakhstan’s national railway company

The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support the private sector in Kazakhstan by providing a financing package equivalent to $30 million for one of the largest private railway operators in the country, Eastcomtrans LLP.

Energy efficiency financing and delivery mechanisms in Kazakhstan

Options for developing and implementing energy efficiency financing and delivery mechanisms in Kazakhstan have been extensively discussed at the high-level conference organized by the Ministry of Industry and New Technologies jointly with JSC “Institute for the Development of Electricity and Energy Saving” and the World Bank.

The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.

Landmark cofinancing accord signed by ADB and Kazakhstan

Asian Development Bank (ADB) President Takehiko Nakao signed a groundbreaking cofinancing framework with Kazakhstan Prime Minister Karim Massimov at the opening ceremony of ADB’s 47th Annual Meeting .

Delegates gather in Astana for Asian Development Bank 47th annual meeting

Delegates started arriving at the Palace of Independence in Astana, Kazakhstan to register for the Asian Development Bank’s (ADB) 47th Annual Meeting of its Board of Governors. The meeting begins 2 May and runs through 5 May.

The CAREC Corridors – Linking the Mediterranean and East Asia

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.

The CAREC Corridors – Linking Europe and East Asia

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.

EBRD finances rolling stock purchase by Kazakh rail company Olzha

The European Bank for Reconstruction and Development (EBRD) is further supporting private sector involvement in Kazakhstan’s transport sector by increasing financing to JSC Olzha.

New EBRD strategy for Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has adopted a new 3-year strategy for its activities in Kazakhstan.