The EDB and Kazakhstan’s Ministry of Trade and Integration discuss prospects for cooperation
Nur-Sultan, 30 September 2020. Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), and Bakhyt Sultanov, Minister of Trade and Integration of Kazakhstan, had a working meeting in Nur-Sultan to discuss cooperation, the EDB’s ongoing investments in Kazakhstan, and new projects, including deeper industrial cooperation by setting up a trade and industrial hub in Kazakhstan that would serve the entire region.
The sides also discussed the Bank’s participation in developing the national commodity distribution system in Kazakhstan, as well as in the Kazakhstan–Russia cross-border cooperation programme.
They emphasised that Kazakhstan’s Ministry of Trade and Integration and the EDB had established a constructive dialogue and needed to develop it further.
The sides also agreed to arrange regular meetings and define projects for joint implementation.
The Minister of Trade and Integration and the head of the EDB expressed confidence that fruitful cooperation between the Bank and the ministry would contribute to Eurasian integration.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
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