ASTANA, Kazakhstan, November 1. A memorandum of understanding was signed between the Kazakhstan's Samruk-Kazyna JSC (Sovereign Wealth Fund) and the European Societe Generale bank, Trend reports.
The document was signed as part of the visit of French President Emmanuel Macron to Kazakhstan at the Kazakh-French business forum.
It is expected that the parties will consider cooperation in financing projects with export credit agency coverage, as well as operations in debt capital markets, treasury, and projects in the field of sustainable development and asset privatization.
Societe Generale is one of Europe's leading financial groups, providing advisory and financial solutions to governments, public institutions and public corporations around the world.
From January through August 2023, trade turnover between Kazakhstan and France amounted to $2.7 billion, which is 21.1 percent higher than for the same period in 2022 ($2.2 billion).
Exports from Kazakhstan to France from January through August 2023 increased by 2.9 percent and amounted to $1.8 billion. Imports to Kazakhstan from France from January through August 2023 amounted to $881.8 million.