The main aspects of EDB operations in Kazakhstan were discussed at the meeting. The sides discussed the interim results achieved since its establishment in 2006 by the authorized representatives of Kazakhstan and Russia.
It was noted that over the years of independence, EDB invested more than US$ 2 billion in the country’s economy and implemented 28 projects in the various sectors: the power sector, transport engineering, and the chemicals. Moreover, another 28 projects are currently under consideration.
The President pointed out that EDB performance indicators showed positive dynamics of its development. Nursultan Nazarbayev emphasised that Kazakhstan welcomes EDB’s intentions to expand its activities, increase its capital and accept new members.
In turn, Igor Finogenov informed on the key areas of EDB performance, focusing on top-priority projects realized within the framework of Kazakhstan’s national and sectoral programmes. In addition, EDB’ headquarters in Almaty partner with second-tier banks to develop small and medium-sized business financing.
The head of EDB also noted that the Bank is actively involved in the development of the country’s financial sector and plans to issue its own securities, which will make it possible to increase project financing in the national currency.
