Kazakhstan
Member since
Member since
Objective 1.
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Priority 1.1.
Energy development will help improve energy sustainability throughout the region. The EDB will negotiate investment projects in hydroelectricity and power transmission with the nation’s government and international stakeholders. Potential water and energy initiatives in Central Asia include investment projects in Kazakhstan, which in turn are aimed at providing comprehensive solutions to water supply issues across the region
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Priority 1.2.
The development of road and rail networks and the modernisation of its airports should improve connectivity and mobility between the Bank’s member states. Developing transport corridors in Kazakhstan is critical for Eurasian integration. Another important objective is the development of infrastructure for alternative transport and logistics routes for exports and goods in transit along the East–West and North–South routes
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Priority 1.3
The country’s sustainable development demands that people have access to health care, education, water supply and high-speed internet. The EDB will communicate with public and local authorities and actively cooperate with international institutions to identify financing options for infrastructure projects
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Priority 1.4
Tourism is another economic priority for Kazakhstan; the sector could mobilise additional investment in the country and create jobs. Tourism will become a new economic driver and one of the most profitable and labour-intensive sectors, with a huge multiplier effect on related sectors and economic integration by attracting tourists from the Bank’s member states. Realising this potential would require significant investment in tourism infrastructure, including roads, services and landscaping, and the EDB could be a source of such funding.
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Objective 2
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Priority 2.1
The EDB plans to implement industrial development projects, evaluating their impact on achieving SDGs and the objectives of the Sustainable Economic Growth National Project, such as industrial and innovative development, the development of the oil and gas, chemical, energy and mining sectors, and the promotion of non-primary exports.
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Priority 2.2
Establishing and modernising industrial enterprises will create jobs, improve productivity and diversify the economy. The Bank will support projects involving foreign direct investment in industry and innovative production, primarily from the Bank’s member states.
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Objective 3
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Priority 3.1
The EDB’s objective over this strategy period is to intensify the development of agribusiness by funding projects that enhance productivity, facilitate raw material processing and increase the added value of products. The Bank will prioritise projects focusing on domestic and foreign food markets with sustained and extensive demand
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Priority 3.2
Agricultural processing in Kazakhstan will help maintain the added value of end products within the country, increase export revenues and create jobs. The EDB will consider financing projects in this area through its Technical Assistance Fund
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Priority 3.3
Создание сети оптово-распределительных центров является важным для обеспечения продовольственной безопасности региона. Establishing a network of wholesale distribution centres is integral to ensuring food security in the region. Commodity distribution networks improve transparency and accelerate flows of information, commodities and money by providing affordable logistics and financial services. During the 2022–2026 strategy period, the EDB will actively consider implementing key integration mega-projects, including the common commodity distribution network and the construction of wholesale distribution centres.
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Objective 4
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Priority 4.1
Задачей ЕАБР в рамках реализации Страновой стратегии будет являться обеспечение доступности финансовых услуг, развитие конкуренции между коммерческими банками РК, стимулирование выхода на рынок новых инвесторов и эмитентов и, как следствие, привлечение дополнительного капитала на финансовые рынки. The EDB’s Country Strategy aims to improve the accessibility of financial services, promoting competition between Kazakhstan’s commercial banks, encouraging new investors and issuers to enter the market and, consequently, mobilising additional capital for financial markets. The Bank plans to provide funding to Kazakhstan’s financial institutions for on-lending to real sector projects, including those with an integration effect or in sectors that contribute significantly to SDGs.
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Priority 4.2
The EDB plans to assist projects that foster the development and diversification of financial instruments traded in its member markets and increase the number of securities issuers. To promote integration in the banking sector, the EDB will support projects aimed at allowing borrowers from one member state to access markets in other member states to secure funding and offer securities, including those denominated in national currencies. The EDB plans to continue to act as a payment agent and implement projects that support trade finance by providing targeted credit facilities to financial institutions in Kazakhstan.
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Objective 5
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Priority 5.1
Projects in infrastructure, energy and industry will focus on establishing renewable energy facilities, promoting efficient energy consumption, enhancing the energy efficiency of buildings and industrial plants, improving pollution prevention and control, creating infrastructure for clean drinking water, fostering green transportation, and implementing environmentally efficient and/or adapted production technologies and processes.
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Priority 5.2
Projects in extractive industries, agriculture and water management will promote energy efficiency, pollution prevention and control, sustainable water and wastewater management, the environmentally sustainable management of living natural resources and land, and the conservation of terrestrial and aquatic biodiversity.
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Priority 5.3
Projects to develop a comprehensive system for business accounting and evaluation of ESG factors, and the promotion of “greening” services, will focus on establishing digital marketplaces.
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Indicator
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2024
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2025
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Drivers
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GDP growth
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2024
5.0%
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2025
5.1%
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Drivers
Stimulation of investments by government authorities. Growth in manufacturing and services
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Year-end inflation
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2024
7.1%
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2025
5.6%
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Drivers
The easing of external price pressures as well as monetary policy measures
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TONIA, year’s average
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2024
12.4%
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2025
7.5%
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Drivers
Continued reduction of the base rate on the back of steady slowdown in inflation
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KZT/USD exchange rate, year’s average
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2024
470
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2025
486
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Drivers
Decline in oil prices
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