ASTANA, Kazakhstan, January 20. Kazakhstan has
provided the European Financial institution for Reconstruction and Growth (EBRD)
to contemplate the potential for lowering the borrowing curiosity
price, Pattern stories.
This proposal was made by the Minister of Nationwide Financial system of
Kazakhstan Alibek Kuantyrov throughout a gathering with the President of
the EBRD Odile Renaud-Basso in Davos.
The events additionally mentioned problems with additional bilateral
cooperation. The Kazakh minister expressed gratitude for selling
the financial transformation of Kazakhstan, together with by offering
funding financing and consultations.
The interlocutors additionally touched upon the problem of financing a
socially necessary infrastructure mission for the development of a
multidisciplinary hospital with 630 beds in Kokshetau metropolis.
In the meantime, the EBRD will present senior debt financing for
design, development, outfitting and upkeep of a 630-bed
multidisciplinary hospital in Kazakhstan’s Kokshetau.
The mission might be undertaken by Renell Kokshetau LLP underneath a
7-year public personal partnership contract signed with Kazakhstan
on 22 December 2022.
In accordance with the financial institution, approval of the mortgage is scheduled for
March 6, 2024.
The whole price of the mission is 467 million euros, the EBRD
will finance 110 million euros.
Moreover, EBRD’s present mission portfolio in Kazakhstan
reaches 2.8 billion euros as of October 31, 2023, based mostly on the
implementation of 114 energetic portfolio tasks.
Investments in sustainable infrastructure tasks account for
70 p.c of the general portfolio (1.97 billion euros). The
business, commerce, and agribusiness sectors additionally profit
considerably from EBRD’s investments, with tasks price
roughly 689 million euros making up round 24 p.c of the
portfolio.
Moreover, the EBRD’s assist for the monetary sector of
Kazakhstan, with investments in monetary establishments comprising 5
p.c of the portfolio, quantities to 148 million euros.
