Kazakhstan, IFC Discuss Attracting FDI, Implementing Massive Infrastructure Projects
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan. June 8. Kazakhstan and the
International financial Corporation (IFC) have discussed attracting
foreign direct investment and implementing large infrastructure
projects, Trend
reports.
Discussions took place during a meeting between Deputy Prime
Minister and Minister of National Economy of Kazakhstan Nurlan
Baibazarov and IFC's Vice President of Cross-Cutting Solutions
Emmanuel Nyirinkindi in Astana.
The meeting's agenda items included public-private partnerships
as a means of executing massive infrastructure projects and luring
foreign direct investment.
Baybazarov noted that projects implemented in cooperation with
the IFC play a key role in supporting sustainable development and
economic growth in the country. One of these projects is the Big
Almaty Ring Road (BAKAD) and the modernization of the new terminal
of the Almaty International Airport.
According to the Deputy PM, Kazakhstan welcomes the IFC
initiative to provide assistance in structuring public-private
partnership projects in the fields of energy, transport, housing,
and communal services, as well as for the construction of gas
thermal power plants, wind farms, and wastewater treatment
plants.
"Over the years of partnership, we have been able to build
mutually beneficial cooperation covering a wide range of economic
issues, which we intend to further develop. In particular, we are
interested in the possibility of training and certification of our
specialists with international IFC certificates in the field of
infrastructure projects and the creation of special funds," he
said.
In turn, Emmanuel Nyirinkindi pointed out that the IFC notes
Kazakhstan's long-term potential and will continue to support its
priority development areas. The IFC representative also expressed
readiness to provide international experience and resources to
assist in the successful implementation of ambitious public-private
partnership projects for the purpose of sustainable and inclusive
growth in the country.
The International Finance Corporation (IFC) has been increasing
its efforts to help women-led businesses in Central Asia gain
access to capital and markets. Notably, fifteen regional banks have
received $155 million in investments from the IFC since 2018.
In fiscal 2023, IFC made a record investment in emerging
markets, which are expected to improve access to finance for MSMEs
through the provision of 2.2 million loans.
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