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AFD continues talks to specify main co-op areas with Kazakhstan

Business Materials 11 February 2022 17:15 (UTC +04:00)
AFD continues talks to specify main co-op areas with Kazakhstan

BAKU, Azerbaijan, February 11

By Nargiz Sadikhova - Trend

Discussions are still going on within the Memorandum of Understanding signed between Agence Française de Développement (AFD) and Kazakhstan, the AFD told Trend.

On May 12, 2021, a Memorandum of Understanding regarding Mutual Cooperation between the Ministry of National Economy of the Republic of Kazakhstan and Agence Française de Développement (AFD) was signed by the Vice-minister of the National Economy of Kazakhstan, Kuantyrov and Vincent Caupin, Director of the AFD's Uzbekistan-Kazakhstan regional agency.

Thus, the Memorandum specifies the main areas for further mutually beneficial cooperation envisaged in the country in line with the implementation of the Strategy 2050 of the Republic of Kazakhstan.

To this end, several priority sectors have been identified, such as energy and hydropower, water supply and sanitation, environmental protection as well as agriculture and irrigation.

“Under this umbrella, discussions are still going on with the authorities. At this stage, no financial agreement has been signed between both parties,” the AFD official said.

Since 2020, AFD has been working to start its activities in Kazakhstan, in line with its “green growth and solidarity” mandate.

The Agence Française de Développement (AFD) funds, supports and accelerates the transitions to a fairer and more sustainable world.

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Follow the author on Twitter: @nargiz_sadikh

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