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Tengrinews.kz - The head of state received the President of the Asian Development Bank (ADB), Masatsugu Asakawa, according to a statement from
ADB lowered its forecast for Kazakhstan's economic growth expecting a decrease in private consumption in response to higher import prices and diminished private investment.
The loan is part of the second tranche of the $500 million program to support S&MBs approved by the ADB in 2012.
One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015, Minister of Economic Affairs Yerbolat Dossayev said April 14.
President Nazarbayev has met with the President of the Asian Development Bank (ADB) Takehiko Nakao to discuss future cooperation.
Kazakhstan no longer wants the status of aid recipient with the Asian Development Bank and plans to become a partner of the bank instead.
Kazakhstan plans to be a partner of the Asian Development Bank (ADB) to support developing countries: PM.
According to the Kazakhstan’s State Agency for Statistics, the country’s GDP grew by 5.5%from January to August.
The research will be financed by the country’s Government and the Bank on parity basis from 2013 to 2015.
Such projects will bring forth valuable technical know-how, enabling Kazakhstan to transform into a hub of modern industrial production and a source of innovations within the region.
According to her, Kazakhstan has no clear strategy in place to attract money to finance this kind of projects.
The ADB meeting in Astana is scheduled for May 2-3, 2014.
The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia.
Asian Development Bank is loaning Kazakhstan $95 million for reconstruction of a road section and construction of a new section of Western Europe-Western China transport corridor.
September 19 the Bank’s management and representatives of the country’s Ministry of Economic Development and Trade unveiled a new Country Partnership Strategy for 2012-2016.
November 4 PM Massimov met Mr. Xiaoyu Zhao, the Vice-President of ADB.
The country has been a member of the Bank since 1994.
It is the second meeting of the Kazakhstan’s PM Karim Massimov with Asian Development Bank’s management for the last five days.
Kazakhstan’s Prime Minister Karim Massimov has met Asian Development Bank's (ADB) Vice-President Xiaoyu Zhao today.
Kazakhstan’s Government, Damu Small Entrepreneurship Development Fund and Asian Development Bank have signed a framework agreement worth $500 million to support small and middle-sized business in Kazakhstan.
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