The European Bank for Reconstruction and Development (EBRD) has Invested Over 10 billion Euros in Kazakhstan
The country's investment block held a meeting with the leadership of the EBRD.
Ardak Zebeshev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Republic of Kazakhstan, welcomed the guests and thanked them for their active joint work.
Over the course of their partnership, more than 300 projects have been successfully implemented or are currently being implemented in various sectors of the economy, including small and medium-sized businesses, finance, housing and utilities, energy, agriculture, and information technology, with a total investment of over 10 billion euros.
In 2022 alone, Kazakhstan and the EBRD began implementing 12 projects worth over 800 million euros in the most promising areas, such as renewable energy, transportation infrastructure, and small and medium-sized enterprises (SMEs).
Guido Barbolini, Director of Fund Risk Management at the EBRD, noted that in 2021, Kazakhstan was among the top 7 countries in terms of annual EBRD investments among 38 countries.
According to Hussein Oshan, Head of the EBRD Kazakhstan Office, the EBRD is currently implementing a project to study transportation links between Central Asia and Europe at the request of the European Commission. As trade volumes, particularly container transport, between Asia and Europe continue to grow, and geopolitical events disrupt existing trade corridors, major European trade and logistics companies are exploring ways to diversify and optimize transportation routes and increase their resilience. According to the preliminary conclusions of the report, the most promising alternative route could be the so-called Trans-Caspian Corridor through Kazakhstan.
In 2022, the EBRD Country Strategy for Kazakhstan for 2022-2027 was approved. The document includes cooperation between the parties on issues such as increasing the competitiveness of private entrepreneurship, supporting green policies and carbon neutrality, as well as promoting economic integration and gender equality through the participation of the private sector.
