Volume of the EBRD investments in economy of Kazakhstan - $500 million

/REUTERS Almaty office, Sep.13, 99/ - The European Bank of Reconstruction and Development (EBRD) has invested $500 million for development of the Kazakhstan economy. Taking into account the projects of joint financing, EBRD investments since 1993 have reached $1,5 billion. This information was reported to the journalist by Pol Berton, the deputy chef of EBRD representative office in Kazakhstan. "We already invested $500 millions in Kazakhstan. Total volume of the projects, taking into account joint financing, has made $1.5 billion. We plan hereinafter to invest in the private sector. As these investments depend on a market demand, it is difficult to tell how big will be the future's investments", - he said. At same press-conference Patris Muller, the EBRD's Canada and Morocco department's director has recommended to Kazakhstan to improve an investment climate. In this connection he has directed attention to an necessity of equality of all investors to the state and of the transparent, honour taxes for the investors. The delegation of the members of the Board of EBRD directors will stay in Kazakhstan till September 14.