Kazakhstan

EDB investment portfolio

01/02/2021

83 projects

$3 772,0 million

38,4% 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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04 February 2021
The Eurasian Development Bank (EDB) and the Ministry of Trade and Integration of the Republic of Kazakhstan (MTI) signed a memorandum of cooperation to establish and develop long-term, mutually beneficial cooperation in implementing digital trade projects in Kazakhstan and other EDB member states
22 December 2020
The Eurasian Development Bank (EDB) co-arranged the placement of a bond issue of Samruk-Kazyna Construction (a subsidiary of Samruk-Kazyna, Kazakhstan). The book was opened on 8 December 2020 with a marketable coupon of 7.00-7.10% per annum and an issue size of RUB 2.5 billion. Investors’ interest made it possible for the issuer to set the coupon at the lower end of the marketable range, at 7% per annum, which corresponds to a yield to maturity of 7.12% per annum. The bonds will mature in 630 days
04 December 2020
The Eurasian Development Bank (EDB) and the Development Bank of Kazakhstan (DBK) signed a loan agreement for the EDB to open a seven-year RUB 5.724 billion loan facility for the DBK. The signing ceremony took place in the sidelines of the First Eurasian Congress hosted by the EDB
04 December 2020
The Eurasian Development Bank (EDB), the KazakhExport Export Insurance Company, and Cool Infinity entered into a memorandum of cooperation to insure and finance Cool Infinity’s exports of railway wagons from Kazakhstan. The signing ceremony took place in the sidelines of the First Eurasian Congress. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, Ruslan Iskakov, Chairman of the Management Board of KazakhExport, and Valentin Kargin, General Director of Cool Infinity
04 December 2020
The Eurasian Development Bank (EDB), VEB.RF, the Development Bank of Kazakhstan (DBK), and the Development Bank of the Republic of Belarus (DBRB) signed a memorandum of cooperation to promote integration between the countries of the Eurasian Economic Union (EAEU). The signing ceremony took place in the sidelines of the First Eurasian Congress hosted by the EDB. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, Igor Shuvalov, Chairman of the Management Board of VEB.RF, Abay Sarkulov, Chairman of the Management Board of the DBK, and Andrey Zhishkevich, Chairman of the Management Board of the DBRB
04 December 2020
The Eurasian Development Bank (EDB) has successfully placed its debut 12-month bond issue for a total of US $100 million on the Astana International Exchange (AIX). The underwriter is First Heartland Securities
04 December 2020
The Travelling without COVID app developed by the Digital Initiative Fund of the Eurasian Development Bank (EDB DIF) was successfully tested today. Participants in the First Eurasian Congress from Yerevan and Minsk crossed the Russian Federation border at Moscow’s Sheremetyevo International Airport with the help of the app
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

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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