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Friday, September 21, 2018

EURASIAN DEVELOPMENT BANK: The Eurasian Development Bank and Kazyna Capital Management signed an agreement on cooperation

Eurasian Development Bank issued the following announcement on Sept. 10.

The Eurasian Development Bank and Kazyna Capital Management JSC signed a cooperation agreement within the framework of a long-term mutually beneficial partnership. It is aimed at implementing projects in the priority sectors of the economy of the Republic of Kazakhstan, such as energy, engineering, infrastructure, industry and others. The document was signed by Ardak Kasymbek, Chairman of the Board of KKM, and Amangeldy Isenov, Deputy Chairman of the EDB Board.

"The agreement enables potential and current projects of the EDB and the CMC to receive additional funding in the capital, including in the national currency, which will significantly improve the conditions for the implementation of projects," said Ardak Kasymbek, based on the successful experience of implementing a number of projects within the framework of the existing co-investment agreements with other major investors, such as Mubadala (UAE) in particular.

EDB and KKM noted that cooperation implies not only the financing of individual investment projects, but also the sharing of experience and knowledge, through participation in educational, information and other events organized by the parties.

Original source can be found here.

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