Kazakhstan, EBRD Talks Issues Of Supporting Business
Date
2/24/2024 7:09:36 AM
(MENAFN- Trend News Agency) ASTANA, Kazakhstan, February 24. Kazakhstan and
the European bank for Reconstruction and Development (EBRD) have
discussed measures to support business, according to Trend reports.
This topic was discussed during the XI annual meeting of the
Coordination Committee of Cooperation Programs between the Ministry
of National Economy of Kazakhstan and the EBRD.
During his speech, First Vice Minister of National Economy Timur
Zhaksylykov noted that within the framework of the Business
Advisory Services Program and the Women in Business Program, which
are implemented by the EBRD and co-financed by the Ministry of
National Economy, comprehensive support is provided to
entrepreneurs.
"The programs include both financial and non-financial support
instruments. Programs are aimed at creating a favorable environment
for doing business and are a catalyst for the dynamic development
of enterprises. In addition, a powerful reserve of qualified and
competent consultants has been created to provide a wide range of
relevant business services," he said.
In turn, head of the EBRD Advisory Services Program in Central
Asia and Mongolia Simone Zeh Atanasovski noted that the Bank
launched a mentoring program for women entrepreneurs for the first
time in Kazakhstan, and the country is one of the first to launch a
special program to support innovative startups, Star Venture. The
EBRD's Youth in Business program will also begin operating
here.
In addition, according to EBRD Deputy Director for Kazakhstan
Askar Namazbayev, in 2023 alone in Kazakhstan, the Bank invested
and mobilized more than 330 million euros in 21 projects, and more
than 90 percent of this amount was allocated to private sector
clients.
Meanwhile, the bank has invested about 9.8 billion euros in 317
projects in Kazakhstan.
Kazakhstan is the EBRD's largest and longest-running Central
Asian banking business.
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