EDB to invest about US$ 3.8 billion in Kazakh economy

According to expert assessments of the Eurasian Development Bank, Kazakhstan is expected to show the highest economic growth performance among the EAEU Member States.

On October 28, President of Kazakhstan Kassym-Zhomart Tokayev received Chairman of the Management Board of the Eurasian Development Bank (EDB) Nikolay Podguzov. The politician and economist considered the prospects for joint activities of the Bank and the Republic and the implementation of projects within the EAEU, the press office of the President of Kazakhstan reported.

Podguzov informed the interlocutor about medium-term goals and macroeconomic forecasts for the near future. According to analytical data of the financial institution, Kazakhstan may become the country with the highest economic growth performance among the EAEU Member States in the near future.

The President was informed about the main aspects of the EDB’s strategy for the period until 2026. In particular, these include the ongoing mega-projects aimed at boosting the social and economic development of Kazakhstan and the Eurasian Economic Union Member States.

The financial institution intends to support the implementation of the projects aimed at creating the North-South and Europe-Western China transport arteries, developing a commodity distribution network and modernising the hydropower system in Central Asia. The EDB plans to invest US$ 1.2 billion in these projects and about US$ 3.8 billion in Kazakh economy for 4 years.

Kassym-Zhomart Tokayev underscored the Bank’s leading role in developing the areas of integration and the strategic importance of the practical implementation of all planned projects for Kazakhstan and the EAEU Member States.

01 ноя 2021, 08:54
Photo source: tass.ru

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