Hot news:
$550 million wind power plant to be built in Zhambyl Oblast Nazarbayev urges to focus on livestock industry development in North Kazakhstan Final exams for $60: Corruption at Kazakhstani Universities Children Protection Committee unveils adoption statistic in Kazakhstan Kazakhstan to give up chlorine water purification soon Powerful batteries for renewable energy being developed at Nazarbayev University Infertility in Kazakhstani men a nationwide health problem Kazakhstan begins experimental cultivation of sweet potatoes for South Korea S&P about Kazakhstan's GDP growth downgrade and sovereign rating outlook Obama to ask for $88 mn to boost anti-Ebola effort YO-Kai Watch: Japan's monster craze set to go international Clinton tells Iowa she's 'thinking about it' ahead of 2016 Miss New York crowned Miss America Ukraine hosts US-led military drills as truce teeters Hollande says 'no time to lose' in fighting IS Singapore air pollution soars due to Indonesian forest fires Russian ruble hits historic low against dollar Plastic pollution choking Australian waters: study China's Xi begins South Asia tour in Maldives UN Security Council blasts 'heinous' murder of British aid worker Major hurricane threatens Mexico Pacific resorts Queen hopes Scottish voters 'think carefully' before vote Statue of Britain's Amy Winehouse unveiled in London Origin: United Kingdom Turing biopic wins Toronto film festival audience prize Scientists unveil magnetic cure for bad blood Merkel pledges zero tolerance for anti-Semitism Unseen Picasso letter -- with doodles -- on display in France Interpol, a generation older, returns to sleek gloom Ukraine truce under threat as heavy fighting erupts Legendary tennis player to come to Kazakhstan Bone carvings exhibited in Kazakhstan Cracking catalyst plant to be built in Kazakhstan Rubio to take Golovkin down in later rounds: Robert Garcia Nazarbayev calls to solve boarder security issues at SCO Kazakh Nectar band signs with American PLG Music Tony Blair to contribute to book on Kazakhstani Constitution President Nursultan Nazarbayev meets his Russian counterpart Vladimir Putin to discuss Ukraine Happy Family Day in Kazakhstan: Nazarbayev President Nazarbayev meets his China’s counterpart Xi Jinping US man alleges Trayvon Martin shooter threated him Family of slain US reporter launches foundation 200,000 still stranded in killer Kashmir floods Former Northern Irish leader Ian Paisley dies aged 88 Rousseff in Rio slum visit as poll gap closes Battles leave Lugansk airport, busy tourist hub, in ruins Building collapse at Nigerian megachurch: emergency services Nicole Kidman 'in shock' after father's sudden death Ebola toll hits 2,400 as Cuba pledges medics Gay marriage set to make grand US Supreme Court return British celebrities pick sides in Scottish referendum 'Mowgli' caught on camera in Kazakhstan Zeus, tallest dog in the world, has died Film festivals fire starting gun on Oscars race Yen falls further, pound higher as Scotland vote looms "Blue Moon" diamond unveiled in LA Origin: United States Buyers bite big at larger Apple iPhones White House makes it official : US "at war" with IS SpaceX's next cargo launch set for Sept 20 Everything about Vogue's Anna Wintour in 73 questions 'Grand Theft Auto V' to hit PS4 and Xbox One Kazakhstan looks to ban gay 'propaganda' and identify gays by searching for degeneratism in their DNA Russia could restrict airspace in sanctions battle: PM Philippine airport bomb plotters planned anti-China attacks: govt German jobless rate unchanged in August: data Galileo satellites not on right orbit: Arianespace Paris relives the joy of liberation, 70 years on US dominates Chinese world university rankings Jasmine and smoke: the allure of Greek summer cinemas Thousands mark Moon death anniversary in S. Korea India stray dogs to be part of security squad‎ Russia okays $150 mn to subsidise World Cup venues Tennis: Kazakhstani Zarina Diyas gets in WTA Top-100 Facebook wants to beam the Internet from the sky Google debuts $105 Android One smartphone in India UK PM warns Scottish independence would be 'painful divorce' Cat Stevens back with album, rare North America tour Catalan leader's son denies graft allegations in court Bees, bright colours and bondage at London Fashion Week NASA asteroid defense program falls short: audit US rejects Crimea regional election Indian summer comes to the rescue for Bordeaux wines Jean Paul Gaultier to wind up ready-to-wear fashion OSCE observers come under fire in Ukraine Whaling: Greenland hunt gets okay, Iceland blasted 'We love you, don't go', London rally tells Scotland

Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations

Wednesday, 22.05.2013, 18:28
Comments (0)
Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations
ADB Vice-President for Private Sector and Cofinancing Operations Lakshmi Venkatachalam. ©pm.kz
Asian Development Bank believes the Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects in Kazakhstan, Newskaz.ru reports, citing Lakshmi Venkatachalam, ADB Vice-President for Private Sector and Cofinancing Operations, as saying.

“Regardless of the impressive development of Kazakhstan for the last two decades, the country’s infrastructure still calls for vast investments (…) the country’s National Oil Fund, Samruk-Kazyna Sovereign Wealth Fund, pension funds, as well as the internal and external money markets can be sources to finance infrastructure projects”, Ms. Venkatachalam said when speaking at the sitting of the Foreign Investors Council held in Astana.

“Kazakhstan has no clear strategy in place to attract money to finance this kind of projects (…) in this context, the Bank in partnership with the country’s Government is working to introduce innovative models of ownership, management and financing of infrastructure projects so that the public money could be more effectively used”, she said.

“The major goal of the efforts is to offer incentives for the private sector to participate in such projects (…) so that prospect investors could enjoy greater safeguards and so that possible risks could be minimized in projects of prime priority for the country’s Government”, Ms. Venkatachalam.

The ADB, which has 67 member countries and territories including Japan and the United States, helps its developing members tackle poverty by providing loans, technical assistance and grants for a broad range of development activities.
Views: 155    Comments: 0
preloader
Add a comment
preloader

2014
2008
2009
2010
2011
2012
2013
2014
September
January
February
March
April
May
June
July
August
September
October
November
December

News
Archive

Mo Tu We Th Fr Sa Su
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30

Feature stories

Поделиться:
Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations
http://en.tengrinews.kz/userdata/news_en/2013/news_19605/thumb_b/photo_28704.jpg
http://en.tengrinews.kz/finance/Kazakhstans-National-Oil-Fund-could-be-a-possible-source-to-finance-19605/