/KASE, January 30, 2024/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated January 29, 2024:
quote
On January 29, Development Bank of Kazakhstan JSC (a subsidiary of National
Management Holding "Baiterek") and the European Investment Bank signed a
Memorandum of Understanding. Within this document, the parties will discuss
possibilities for European support for projects in Central Asia that enhance the
transport connectivity of the region with Europe. Upon mutual agreement, the
next step will involve the signing of a corresponding agreement for financing
investment projects by the EIB.
"As part of the collaboration with the EIB, an agreement has been reached on the
potential provision of loans by DBK totaling up to EUR 320 million. These funds
can be utilized for financing projects in various sectors of the economy, including
the development of sustainable transport infrastructure between Europe and
Central Asia, as well as the development of 'green' energy. Such cooperation will
contribute to the activation of trade relations between the two regions",
commented Botagoz Abisheva, Deputy Chairman of the DBK Management
Board.
The memorandum was signed on the sidelines of the Global Gateway Forum on
Transport Connectivity of the European Union and Central Asia, held in Brussels
on January 29-30. The event brought together representatives of government
agencies, financial institutions and civil society from EU member countries,
countries of Central Asia and the Caucasus, as well as Turkey, in order to
discuss issues of transport communication in Central Asia, the development of
transport networks within the region, the investment climate in Central Asia and
the prospects for the development of the Trans-Caspian transport corridor.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_290124.pdf
[2024-01-30]