EDB and ForteBank Partner to Support Investment Projects in Kazakhstan
Abu Dhabi, 10 November 2026. The Eurasian Development Bank (EDB) and ForteBank JSC have signed a Memorandum of Cooperation to work together on arranging syndicated financing for investment projects in Kazakhstan.
The Memorandum was signed in Abu Dhabi during an event marking the launch of the EDB office at Abu Dhabi Global Market (ADGM), attended by representatives of the Ministry of Finance of the United Arab Emirates.
The parties intend to explore opportunities for joint financing of investment projects, including through syndicated lending arrangements. “Strengthening our partnership with ForteBank will enable us to combine the banks’ resources and expertise to finance significant investment projects in Kazakhstan. By further developing syndicated lending, the Bank is expanding opportunities to attract long-term capital into the country’s economy,” said Ruslan Dalenov, Deputy Chairman of the Management Board of the EDB.
“Behind every major investment project are business plans to expand production, enter new markets and create jobs. Our task is to provide financing that enables businesses to turn these plans into reality. By combining our respective resources and expertise, we will be able to expand financing opportunities for major investment projects in Kazakhstan,” noted Talgat Kuanyshev, Chairman of the Management Board of ForteBank.
The EDB and ForteBank already have experience in jointly financing major investment projects. Both banks participated in a syndicated loan arranged by Bank of America to finance the development of Almaty International Airport.
Additional Information
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of June 2026, the EDB’s cumulative portfolio comprised 348 projects with a total investment of US $22,1 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.