Astana, (TDI): The Asian Infrastructure Investment Bank (AIIB) and Kazakhstan have agreed to develop a comprehensive three-year investment plan, according to a statement released by the Kazakh government.
The declaration was signed during a meeting between Kazakhstan’s Deputy Prime Minister and Minister of National Economy, Nurlan Baibazarov, and a delegation from AIIB led by Vice President Konstantin Limitovskiy.
The agreement outlines a collaborative effort to identify and finance key sectors, areas, and projects over the next three years.
Baibazarov emphasized Kazakhstan’s readiness to enter a new investment phase, showcasing several significant projects that are poised to attract international financial institutions and private investors.
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“We highly value the prospects of further cooperation with the AIIB,” Baibazarov stated.
“Kazakhstan is positioning itself for a new investment cycle and offers numerous large-scale projects of interest to potential investors.”
AIIB’s commitment to Supporting Kazakhstan
On his part, Limitovskiy affirmed AIIB’s commitment to supporting Kazakhstan’s National Development Plan and its goals for decarbonization, which aim for carbon neutrality by 2060.
“AIIB is prepared to contribute effectively to Kazakhstan’s development goals and support its efforts toward sustainable growth,” he noted.
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The AIIB, which currently boasts 109 member countries, is dedicated to financing sustainable, green, and technological infrastructure projects.
The bank’s mission is to enhance the social and economic well-being of people across Asia and beyond.
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