EBRD, Kazakhstan mull boosting co-op
The European Bank for Reconstruction and Development (EBRD) is
interested in more funding of Kazakhstan, the bank's head Suma
Chakrabarti said on January 23 during a meeting with the Kazakh
President, Kazakh presidential press-service reported.
The meeting was held on the sidelines of the Word Economic Forum in
Davos.
During the meeting, the parties discussed the basic mechanisms that
could be used by the bank to facilitate investments in Kazakhstan
from abroad and within the country.
The parties discussed a number of promising projects aimed at
infrastructure development, in particular, financing of the Big
Almaty Ring Road construction.
Nursultan Nazarbayev noted the high level of cooperation between
Kazakhstan and the EBRD and urged it to continue to support small
and medium enterprises of the republic.
Chakrabarti, in turn, noted that EBRD's package of projects in
Kazakhstan amounted to $450-500 million in 2013.
In particular he drew attention to the bank's active work in the
field of green economy.
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