EBRD agrees new country strategy for Kazakhstan

10 Jul 17

The European Bank for Reconstruction and Development has announced a revised four-year strategy for Kazakhstan, which is intended to balance the roles of the private and public sectors.

Improved access to finance for businesses and green energy are other areas of the strategy’s focus.

The EBRD said: “The bank will continue to support the growth of private enterprises, which are still outweighed by the public sector.

“By investing in the private sector, including small and medium-sized enterprises (SMEs), in agribusiness and the non-extractive sectors, the EBRD hopes to improve the economy’s competitiveness.”

As part of these measures the EBRD said it would continue to support the reform of Kazakhstan’s public sector and the commercialisation of state-owned enterprises.

There will also be greater efforts to improve transport links between the country’s region’s and as well as investment in cross-border rail and road projects.

The bank will also work with the Kazakhstan government to support sustainable energy, water and resource use.

“Decreasing Kazakhstan’s carbon footprint is crucial for the country’s sustainable development across all sectors, notably in agriculture, energy and industry,” the bank said.

The strategy builds on the bank’s existing operations in Kazakhstan, which has seen the country become one of the EBRD’s largest markets, with the total investment to date exceeding $8bn. 

Related articles

Have your say

Newsletter

CIPFA latest

Most popular

Related jobs

Most commented

Events & webinars