(MENAFN- Trend News Agency) ASTANA, Kazakhstan, March 6. The Islamic
Development Bank (IsDB) has implemented about 70 projects in
Kazakhstan worth more than $1.6 billion since the beginning of
cooperation, said the Minister of Foreign Affairs of Kazakhstan
Murat Nurtleu, Trend reports.
He made the remark during a meeting with IsDB Chairman Muhammad
Sulaiman Al Jasser, which took place as part of a visit to Saudi
Arabia.
"Kazakhstan attaches great importance to cooperation with the
IsDB. The Bank Group has implemented about 70 projects in the
Republic of Kazakhstan worth more than $1.6 billion," he said.
The minister also informed the interlocutor about the economic
potential of Kazakhstan.
In turn, the IsDB President expressed hope for further
successful cooperation with Kazakhstan and the Bank's participation
in projects aimed at developing the Kazakh economy.
The parties also discussed topical issues of interaction, as
well as the progress of a number of socio-economic projects being
implemented in Kazakhstan with the participation of the Bank and
its institutions.
To note, Kazakhstan joined the IsDB on November 30, 1995. Its
share of the total subscribed capital of IsDB is ID 54.0 million,
with a paid-up capital of ID 6.0 million. It is also a member of
the ICD and ICIEC.
The Islamic Development Bank has approved financing for 69
projects in Kazakhstan since the beginning of cooperation. Of these
projects, 56 have already been completed, and 13 are still
ongoing.
MENAFN06032024000187011040ID1107940412
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.