Back in September 2014 the Bank had estimated the country’s 2015 growth rate at 5.1%.
As of the end of 2013 the package of projects in Kazakhstan totaled about $450-500 million.
Kazakhstan Majilis has ratified the agreement between Kazakhstan and European Bank of Reconstruction and Development.
At the same time the Bank’s analysts point to weakness of the country’s banking sector, with over 30% of the loan portfolios being NPLs.
EBRD believes that Kazakhstan needs to develop specialized infrastructure, in particular, the one for access to broadband Internet.
May 10 the European Bank for Reconstruction and Development cut down its economy growth estimated for Kazakhstan from 6% to 4.9%.
Almaty administration and the EBRD (European Bank for Reconstruction and Development) signed a loan agreement worth $39.3 million for procurement of 200 new buses running on gas.
EBRD issued a loan for construction of a new plant for processing of household wastes and energy production in Aktau, western Kazakhstan.
The project is targeted at preventing emergency shutdowns of the power plant, bringing its capacities up by 16% to 116 megawatt and producing another 57 million kilowatt-hours a year.
Established in 1999, KazExportAstyk operates primarily in the North Kazakhstan and Akmolinsk areas to produce and export grain, oil seeds, and flour.
In 2011 the Bank financed a total of 14 projects worth Euro 289 million.
In the meeting Massimov and Decamps discussed cooperation of Kazakhstan and EBRD in implementation of infrastructure projects.
The Bank and the Transport Ministry officials considered financing reconstruction of Tashkent – Shymkent, Almaty – Khorgos motro roads, as well as construction of the Big Almaty Ring Road.
Among other topics, the meeting covered cooperation between Kazakhstan and the EBRD in implementation of infrastructural projects.
As the National Bank Governor explained, the National Bank is to buy back the 10 per cent share from the European Bank of Reconstruction and Development (EBRD).
EBRD President wrote about potential of Kazakhstan and Russia to increase food production.
Today in Astana the European Bank for Reconstruction and Development (EBRD) and municipal authorities of Kazakhstan have signed a memorandum to finance modernization of water supply systems on the basis of public-private partnerships.
Nursultan Nazarbayev made a proposal to the European Bank of Reconstruction and Development.
The Prime Minister stressed that “large investments are injected to raise the overall living standards of Kazakhstan’s people”.
He said that when speaking at the opening of the Investment Forum in Astana within the EBRD annual meeting.