News

Kazakhstan: 7.9 million people to benefit from improved roads

The World Bank’s Board of Executive Directors approved a $1.068 million loan to Kazakhstan for the East-West Roads Project. The objective of the project is to increase transport efficiency along the section of the Western Europe-Western China Road Corridor within Almaty Oblast, and to modernize highway management on sections of the corridor.

Development partners commit to support CAREC 2020

Ministers and senior representatives of development agencies met in Baku, Azerbaijan to discuss support for the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program.

Regional cooperation on track as CAREC endorses 10-year strategy

Ministers from the 10-country Central Asia Regional Economic Cooperation (CAREC) Program endorsed CAREC 2020, a framework for intensified regional cooperation that promises to build on the program's first decade of achievement.

CAREC ministers celebrate a decade of cooperation

Next week in Baku, Azerbaijan, ministers from 10 countries spanning the Caucuses, and Central, East and South Asia will gather to mark a decade of achievement, including $17 billion of investments in energy, trade and transportation under the Central Asia Regional Economic Cooperation (CAREC) Program.

EBRD and Kazakhstan support emergency response for oil and gas operations

The European Bank for Reconstruction and Development has teamed up with Kazakhstan’s Ministry for Emergency Situations with an agreement to develop large-scale emergency response capacity for offshore oil & gas projects, modernize crisis management centers, and develop effective international emergency coordination.

New customs border post means more trade, increased revenue

A modern customs border post opened in Chon-Kapka on the border with Kazakhstan. The new border post was rebuilt to international standards as part of the Regional Customs Modernization and Infrastructure Development project financed by Asian Development Bank.

CAREC 2020: Boosting trade, transport, and energy in Central Asia

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, met today in Baku, Azerbaijan, and moved towards completing a strategic framework that over the next decade will help further develop regional transport networks, boost regional trade, and help secure reliable, efficient energy.

EBRD finances power transmission in Kazakhstan

The EBRD is helping to modernize the transmission of electricity in Kazakhstan with a loan that will improve energy efficiency in the system and increase electricity transmission capacities.

EBRD supports energy efficiency plan for Kazakh Railways

The European Bank for Reconstruction and Development has teamed up with Kazakhstan’s railway authorities with an accord to promote energy efficiency activities across the country’s railways network.

EBRD extends trade finance facility to VTB Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is stepping up its support to Kazakhstan’s exporters and importers with a new $20 million trade finance guarantee facility to VTB Kazakhstan, a subsidiary of OJSC Bank VTB of Russia, to facilitate the financing of foreign trade at a time when lending to the real economy remains limited.