ASTANA, Kazakhstan, June 24. The President of Kazakhstan, Kassym-Jomart Tokayev, met with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, Trend reports.
During the meeting, the President of Kazakhstan welcomed the EBRD’s intention to invest in joint projects, including within the framework of the “green” transition program.
“The interlocutors also discussed the prospects for cooperation between Kazakhstan and the EBRD and exchanged views on current global economic issues. It was noted that significant progress has been made over the years of cooperation in several strategic sectors, including the development of small and medium-sized businesses, energy, and agriculture,” the press service of the President of Kazakhstan said.
In turn, Odile Renaud-Basso highly praised Kazakhstan’s investment potential and expressed the Bank’s interest in further supporting Kazakhstan’s infrastructure development.
In her assessment, funding has been recently sanctioned for the
revitalization of a 234 km segment of the Aktobe–Ulgaisyn
thoroughfare, which is pivotal for the enhancement of both domestic
and international transit corridors.
Furthermore, EBRD President Odile Renaud-Basso articulated that the
synergies between the bank and Kazakhstan are evolving in a
favorable trajectory. Moreover, she articulated a commitment to
perpetuating support for Kazakhstan in enhancing logistical
accessibility and optimizing the energy infrastructure.
In the preceding fiscal year, the European Bank for Reconstruction
and Development's capital allocations within the Kazakhstani
economic landscape approached the 1 billion euro threshold, with
projections for 2024 indicating a tripling of this investment
relative to the preceding year.
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