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ADB predicts Kazakhstan's GPD to slow down to 1.5 percent in 2015

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.

ADB predicts Kazakhstan's GPD to slow down to 1.5 percent in 2015
ADB. ©Reuters
ADB provides a loan of $122 million to support S&MBs in Kazakhstan

The loan is part of the second tranche of the $500 million program to support S&MBs approved by the ADB in 2012.

ADB provides a loan of $122 million to support S&MBs in Kazakhstan
Illustration a courtesy of Tengrinews
Asian Development Bank to co-finance projects funded out of the National Oil Fund

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.

Asian Development Bank to co-finance projects funded out of the National Oil Fund
Photo courtesy of akorda.kz
Nazarbayev discusses cooperation with Asian Development Bank

President Nazarbayev has met with the President of the Asian Development Bank (ADB) Takehiko Nakao to discuss future cooperation.

Nazarbayev discusses cooperation with Asian Development Bank
12th ministerial conference of the Central Asia Regional Economic Cooperation. ©Marat Abilov
Kazakhstan wants to get rid of aid recipient status with ADB

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 wants to get rid of aid recipient status with ADB
ADB. ©Reuters
ADB injections into the Kazakh economy stand at over $2.5 billion

Kazakhstan plans to be a partner of the Asian Development Bank (ADB) to support developing countries: PM.

ADB injections into the Kazakh economy stand at over $2.5 billion
ADB. ©Reuters
ADB lowers Kazakhstan’s economy growth estimate from 5.2% to 4.8%

According to the Kazakhstan’s State Agency for Statistics, the country’s GDP grew by 5.5%from January to August.

ADB lowers Kazakhstan’s economy growth estimate from 5.2% to 4.8%
ADB. ©Reuters
Kazakhstan’s Government and ADB to carry out joint research

The research will be financed by the country’s Government and the Bank on parity basis from 2013 to 2015.

Kazakhstan’s Government and ADB to carry out joint research
ADB. ©Reuters
Processing of crude into high value-added products is an effective way for Kazakhstan to attract international investors: ADB

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.

Processing of crude into high value-added products is an effective way for Kazakhstan to attract international investors: ADB
ADB Vice-President for Private Sector and Cofinancing Operations Lakshmi Venkatachalam. ©pm.kz
Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations

According to her, Kazakhstan has no clear strategy in place to attract money to finance this kind of projects.

Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations
ADB. ©Reuters
Kazakhstan to host 47th meeting of Asian Development Bank in 2014

The ADB meeting in Astana is scheduled for May 2-3, 2014.

Kazakhstan to host 47th meeting of Asian Development Bank in 2014
Photo courtesy of graduateinstitute.ch
Asian economies to rebound but recovery fragile: ADB

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 economies to rebound but recovery fragile: ADB
Тengrinews.kz stock photo
Nazarbayev signs $95 million loan from Asian Development Bank

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.

Nazarbayev signs $95 million loan from Asian Development Bank
Guanghui Li, Country Director of ADB’s Kazakhstan Resident Mission. © Yaroslav Radlovsky
ADB to invest $1.6 billion to finance Kazakhstan’s infrastructure development projects

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.

ADB to invest $1.6 billion to finance Kazakhstan’s infrastructure development projects
PM Karim Massimov meeting Vice President of Asian Development Bank Xiaoyu Zhao. Photo courtesy of pm.kz
Asian Development Bank (ADB) is developing a strategy of cooperation with Kazakhstan

November 4 PM Massimov met Mr. Xiaoyu Zhao, the Vice-President of ADB.

Asian Development Bank (ADB) is developing a strategy of cooperation with Kazakhstan
dayindia.com.au
Kazakhstan may become an ADB donor: Vice Minister of Finance Ruslan Dalenov

The country has been a member of the Bank since 1994.

Kazakhstan may become an ADB donor: Vice Minister of Finance Ruslan Dalenov
Karim Massimov meeting Lakshmi Venkatachalam. flikr.com
Kazakhstan’s PM Massimov meets ADB's Vice President Lakshmi Venkatachalam

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 PM Massimov meets ADB's Vice President Lakshmi Venkatachalam
Asian Development Bank annual sitting to be held in Astana in 2014

Kazakhstan’s Prime Minister Karim Massimov has met Asian Development Bank's (ADB) Vice-President Xiaoyu Zhao today.

Asian Development Bank annual sitting to be held in Astana in 2014
Asian Development Bank to extend a loan worth $500 million

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.

Asian Development Bank to extend a loan worth $500 million

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