Baku, Azerbaijan, July 5
By Nargiz Sadikhova - Trend:
European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti noted the productivity of bank’s cooperation with Kazakhstan and expressed hope for the cooperation to continue, Trend reports.
He made the statement at the 32nd Plenary Session of the Foreign Investors' Council held on July 4, 2019, in Nur-Sultan, Kazakhstan.
“I met the President of Kazakhstan for the first time earlier today. We had an engaging discussion about the strategic direction of Kazakhstan and the role EBRD can play. Indeed, our cooperation with Kazakhstan is one of the EBRD’s biggest success stories,” he stated.
“We are a long-time supporter and enabler of Kazakhstan’s shift towards a low carbon and climate resilient economy. This year alone, we and our partners have signed three renewable energy projects, all of them financing solar plants. They bring our total investment in renewables in Kazakhstan to $375 million,” added Chakrabarti.
He further said that the total of EBRD investments in Kazakhstan stands over $9 billion, including almost $450 million provided this year.
“I would also like to thank Prime Minister Askar Mamin for everything he has done to further strengthen the relationship between Kazakhstan and EBRD,” he added.
The European Bank for Reconstruction and Development is an international financial institution founded in 1991.
(1 USD = 383.96 KTZ on July 5)
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