Kazakhstan

EDB investment portfolio

01/11/2020

80 projects

$3 605,8 million

38,8% of the total


Kazakhstan is, along with Russia, the founder and largest member of Eurasian Development Bank, accounting for about a third of its charter capital (US $500 million).

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Publications

Eurasian Economic Integration – 2019
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Macroeconomic Forecasts for 2021
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30 November 2020
What is a “safe” and optimal debt level? How does rising debt affect economic growth? The COVID-19 pandemic has forced countries around the world to reconsider these issues facing the reality wherein the budgetary stimulus accompanied by government debt accumulation became principal instruments used to curtail shocks. The current EFSD Working Paper “Optimal Debt and the Quality of Institutions” indicates that, in countries with strong institutions, the debt threshold is above 55% of GDP, while economies with weaker political institutions feature a 37-38% debt-to-GDP threshold. Hence, the quality of institutions is one of the key factors for economic and debt sustainability and an efficient debt policy
26 November 2020
The Eurasian Development Bank forecasts an increase in the aggregate GDP of its member countries by 3.2% in 2021, after a 3.8% decline in 2020. The easing of restrictions globally and in the region’s countries as the fight against the pandemic progresses will be a key factor in reviving economic activity. Due to weak investment demand and partial preservation of social distancing, the full recovery of the region’s GDP to pre-crisis levels will take time. Kazakhstan is expected to achieve it in the second half of 2021; Russia, the Kyrgyz Republic, and Armenia in the first half of 2022; and Belarus in 2023. Because of persistently high risks, the EDB’s projections remain shifted toward lower estimates
19 November 2020
The Eurasian Development Bank (EDB) borrowed CNY 1.5 billion (around US $230 million) from the Export-Import Bank of China (Exim Bank of China) to finance transboundary transactions between China and the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The respective agreement was signed on 16 November 2020. The loan facility has been extended for five years
12 November 2020
The Eurasian Development Bank (EDB) and the KAZAKH INVEST National Company signed a memorandum on the implementation of investment projects in Kazakhstan. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, and Baurzhan Sartbayev, Chairman of the Management Board of KAZAKH INVEST
22 October 2020
Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, and Abay Sarkulov, Chairman of the Management Board of the Development Bank of Kazakhstan (DBK), met to discuss cooperation between their respective financial institutions
22 October 2020
The Eurasian Development Bank (EDB) and KazakhExport intend to expand support to Kazakhstan’s exporters. This possibility was discussed by Nikolai Podguzov, Chairman of the EDB Management Board, and Ruslan Iskakov, Chairman of the Management Board of KazakhExport
13 October 2020
The Eurasian Development Bank (EDB) projects Kazakhstan’s GDP to grow at 4.7% a year on average in 2021–2022, after a 2.5% decline this year. This is a finding presented in the Macroreview published by the EDB’s Directorate for Research
12 October 2020
The Eurasian Intergovernmental Council’s (EIC) meeting in Yerevan discussed the Travelling without COVID-19 project developed and presented by the Eurasian Development Bank’s (EDB) Digital Initiative Fund to foster economic activity and free movement
29 September 2020
The Eurasian Development Bank (EDB) took part in the public-private partnership project to construct, operate, and manage Turkistan International Airport. The Bank’s delegation headed by Nikolai Podguzov, Chairman of the Management Board, attended the ceremony of airport opening by the First President of Kazakhstan Nursultan Nazarbayev
25 September 2020
The Eurasian Development Bank (EDB) extended KZT 10 billion to the Industry Development Fund (formerly BRK-Leasing, a subsidiary of the Development Bank of Kazakhstan, and part of the Baiterek National Managing Holding) to supply ambulances for Kazakhstan’s healthcare system. The funds were provided as part of the EDB’s support to combat the COVID-19 pandemic and its consequences in the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The agreement envisions the opening of two five-year loan facilities to purchase state-of-the-art vehicles made in Kazakhstan, which will be supplied to all regions of the country

Almaty Headquarters

Address:
220 Dostyk ave., Almaty, 050051, Republic of Kazakhstan

Nur-Sultan Representative Office

Address:
55/20 Mangilik El Avenue Block C4.1, 2nd floor Nur-Sultan,
Z05T3D0, Republic of Kazakhstan

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