The Eurasian Development Bank and KAZAKH INVEST intend to cooperate in implementing investment projects in Kazakhstan

12 November 2020

Nur-Sultan, __ November 2020. The Eurasian Development Bank (EDB) and the KAZAKH INVEST National Company signed a memorandum on the implementation of investment projects in Kazakhstan. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, and Baurzhan Sartbayev, Chairman of the Management Board of KAZAKH INVEST.

The parties intend to jointly finance investment projects and share experience and knowledge.

In accordance with the memorandum, the EDB will consider the possibility of financing the investment projects proposed by KAZAKH INVEST to contribute to the sustainable social and economic development of priority sectors of Kazakhstan’s economy.

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 Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia and Tajikistan. 

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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