Government • 10 September, 2019

Prime Minister Askar Mamin meets with members of EBRD Board of Directors

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Prime Minister Askar Mamin discussed the status and prospects of implementing joint investment projects in Kazakhstan with the members of the Board of the European Bank for Reconstruction and Development, primeminister.kz reports.

The Head of Government noted that the First President of Kazakhstan – Elbasy Nursultan Nazarbayev and the Head of State Kassym-Jomart Tokayev pay great attention to cooperation with leading international financial institutions, including the EBRD.

Over the past 27 years, the EBRD's investment in Kazakhstan amounted to more than $9 billion in over 260 projects, of which 43 were reached in 2018 and 2019.

“We strive to create a model of economic growth based on a sustainable private sector. For 8 months of 2019, the growth of the Kazakhstani economy was 4.3%. Our strategic goal is to achieve 5% of annual GDP growth. For this, it is important for us to increase the volume of attracted investments annually from $24 billion in 2018 to more than $34 billion by 2025,” Mamin said.

The prime minister called on the members of the EBRD Board of Directors to continue their active participation in the implementation of projects in the fields of energy, the green economy, housing and communal services, development of small and medium-sized businesses, transport and financial sectors, and construction of infrastructure.

Askar Mamin drew the attention of the EBRD representatives to the importance of further deepening cooperation in the implementation of the largest project in the field of public-private partnership (PPP) in Kazakhstan – the construction of the Almaty Big Ring Road, which will not only increase the transit potential of Kazakhstan, but also improve ecological situation in the city of Almaty and Almaty region.

The Head of Government and ministers spoke about measures to improve the investment climate, the main strategic priorities of the country in terms of economy and human well-being, and also answered questions of interest to members of the EBRD Board of Directors.

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