The EDB maintains business as usual in Kazakhstan
Almaty, 12 January 2022. The Eurasian Development Bank (EDB) is maintaining business as usual with all its clients and partners in Kazakhstan and conducting all types of operations.
The Bank has received no notifications from Kazakhstan’s borrowers on possible delays in servicing their liabilities.
Bank experts estimate that the economic slowdown that happened in January 2022 will be reversed shortly. The key objective over the next month will be to get the economy back on a sustainable growth trajectory. The EDB expects Kazakhstan’s GDP to grow by around 4% over the year.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
The EDB Media Centre:
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)