BAKU, Azerbaijan, Dec. 4
By Nargiz Sadikhova - Trend:
Eurasian Development Bank, Kazakhstan’s KazakhExport Insurance company agreed to cooperate in insurance and financing of Cool Infinity company’s activities when exporting railway wagons from Kazakhstan, Trend reports citing Eurasian Development Bank (EDB).
Within the framework of the corresponding memorandum provides for EDB to consider financing of Cool Infinity’s project for the modernization of the production complex for manufacturing of innovative insulated cars.
KazakhExport, for its part, plans to provide financial and insurance solutions to finance the subsequent export of Cool Infinity products.
The Eurasian Development Bank (EDB) is an international financial institution established to promote economic growth in its member states, extend trade and economic ties among them, and support integration in Eurasia through investment.
Development strategy of the Export Insurance Company “KazakhExport” Joint-Stock Company for 2017-2023 determines the directions of the Company’s development under the conditions of the expected growth of both the export-oriented activities in the non-primary sector of the economy and the volumes of export support to the target level of 1% of GDP.
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