Kazakhstan, World Bank, IFC Discuss Key Priorities For Further Co-Op
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, August 8. Kazakhstan, the
World Bank, and the International Finance Corporation (IFC) have
discussed key priorities for further cooperation, Trend
reports, citing the press service of the Ministry of Foreign
Affairs of Kazakhstan.
Discussions took place during a meeting between First Deputy
Foreign Minister Akan Rakhmetullin and Andrei Mikhnev, World Bank
Country Manager for Kazakhstan and Turkmenistan, and Zafar
Khashimov, IFC Country Manager for Kazakhstan and Kyrgyzstan.
Rakhmetullin noted that the WB and the IFC are important
partners for Kazakhstan.
"Thanks to their support, a number of joint projects are being
successfully implemented in the country, which have a positive
impact on socio-economic development. In the current conditions,
these projects play an important role in supporting the new
economic course of Kazakhstan," he said.
The parties confirmed their commitment to implementing ongoing
projects in the public and private sectors and also noted the
importance of strengthening bilateral cooperation and attracting
investments to achieve national goals and ensure economic
growth.
Mikhnev pointed out that the World Bank's involvement in
Kazakhstan will expand as part of the upcoming Partnership Strategy
for 2026–2030, which will identify key strategic priorities. This
year, the World Bank approved funding for two projects aimed at
ensuring equitable access to quality internet in remote rural areas
and supporting policy reforms for sustainable and equitable
growth.
In turn, Khashimov noted that the mission of the IFC, as one of
the largest development institutions focused on the private sector,
is to create new markets and opportunities in Kazakhstan. Since
1993, IFC has allocated more than $2.5 billion to finance various
sectors of the Kazakhstan economy.
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