Kazakhstan, ADB discuss prospects for new projects

Kazakhstan Materials 30 May 2024 10:20 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, May 30. Kazakhstan and the Asian Development Bank (ADB) have discussed the prospects for new projects in the housing, communal services, and energy industries, Trend reports.

Discussions took place during a meeting between Deputy Prime Minister of Kazakhstan Kanat Bozumbayev and Utsav Kumar, ADB's Country Director for Kazakhstan, and Eugenue Zhukov, the Director General of the Central and West Asia Regional Department.

Today, ADB is implementing three programs in Kazakhstan: for the reconstruction of the Aktobe-Makat and Aktobe-Kandyagash highways, as well as supporting women through mortgage lending.

Earlier, ADB expressed interest in financing the construction of wastewater treatment plants in the cities of Satpayev, Zhezkazgan, Balkhash, and Stepnogorsk.

In this regard, Bozumbayev instructed the executive authorities and relevant ministries to complete the necessary examinations of WWTP by mid-July.

To note, Kazakhstan joined the ADB in 1994. ADB has since committed about $7 billion in loans to the government and private sector, grants, and technical assistance.

Regional cooperation and integration initiatives under the Central Asia Regional Economic Cooperation (CAREC) program remain an integral part of ADB operations in Kazakhstan, which is chairing the program this year.