News

EBRD and AIFC launch study for Green Financial System in Kazakhstan

In a new step to support Kazakhstan’s path towards a greener economy, the European Bank for Reconstruction and Development is launching a study that will assess the potential of developing a green financial system for the country. A system of this kind would boost financing for “green” projects in Kazakhstan and would be based within the forthcoming Astana International Financial Center.

Developing Aktobe Region – Investing in Kazakhstan’s Future Economic Growth

The World Bank is also providing support to the local administration in developing a “Strategy and Action Plan” for Aktobe that focuses on enhancing public services and economic diversification.

EBRD earmarks €200 million for renewables in Kazakhstan

The EBRD Board of Directors has approved a financing framework of up to €200 million. This will be used to finance primarily private renewable energy projects with a total generating capacity of 300 MW within the next five years.

EBRD supports Kazakhstan’s Samruk-Energy with €100 million loan

The European Bank for Reconstruction and Development is providing support to the national energy company Samruk-Energy as it embarks on an ambitious program of privatization in line with the strategy of its parent holding, the sovereign wealth fund Samruk-Kazyna. (Photo credit: EBRD)

ADB holds regional trade finance workshop in Tashkent

The Asian Development Bank’s Trade Finance Program launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries are attending.

EBRD and Kazakhstan’s gas operator KazTransGas to work on energy efficiency

The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator, KazTransGas, have agreed to join forces in supporting the country’s drive towards a green economy.

ADB president calls for expanded CAREC agenda to meet new challenges

Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

Central Asian countries identify $94 billion energy investment needs to 2023

Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum in Islamabad, Pakistan.

Need for reforms intensifies amid weak growth in Caucasus, Central Asia

The Caucasus and Central Asia is embarking on one of its slowest economic recoveries since independence, the IMF announced, as the region continues to battle the effects of a number of large and persistent external shocks

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

The Asian Development Bank (ADB) has approved a $240.3 million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. (Photo credit: ADB)