Climate finance, infrastructure, agriculture, and micro and smaller businesses in Central Asia were just some of the areas that benefited from strong funding from IFC, a member of the World Bank Group, over the last fiscal year. The funds, coupled with advisory support, are helping to increase private sector participation, create jobs, boost financial inclusion,
On November 1, the VII Kazakhstan Global Investment Roundtable (KGIR-2024) was held in Astana under the “Global Investment Trends: A Vision of the Future” agenda. Speaking at the forum, Kazakhstan Prime Minister Olzhas Bektenov noted that the roundtable is a logical continuation of the meeting of the Foreign Investors’ Council, which was held the day
On October 31, Kazakhstan President Kassym-Jomart Tokayev chaired the 36th meeting of the Foreign Investors’ Council in Astana. Tokayev noted that the Council has become the most important dialogue platform for discussing issues of improving the investment climate in the country. “We have set ourselves a rather ambitious goal – to attract an additional $150
The European Bank for Reconstruction and Development (EBRD) announced that its President, Odile Renaud-Basso, will visit Kazakhstan from 31 October to 1 November for meetings with senior government officials and multilateral financial institutions. During her two-day program, the EBRD President will meet with Kazakhstan’s President Kassym-Jomart Tokayev, hold a bilateral meeting with the leadership of the Asian Development Bank
President of Kazakhstan Kassym-Jomart Tokayev paid a state visit to Mongolia from October 28 to 29. Tokayev held talks with President of Mongolia Ukhnaa Khurelsukh, after which the two leaders signed a Joint Declaration on Strategic Partnership between their countries. Kazakhstan and Mongolia decided to deepen their cooperation in the following five main areas: 1.
The Ministry of Economy and Commerce of the Kyrgyz Republic on October 27 hosted the E-Commerce Expo 2024, a milestone event aimed at accelerating digital transformation across Central Asia. Organized with the support of the United Nations Development Programme (UNDP), the event attracted over 600 participants, including business leaders, government officials, entrepreneurs, and representatives from international
The first meeting of the Kazakhstan-Mongolian Business Council was held in Ulaanbaatar with the participation of Minister of Digital Development of Kazakhstan Zhaslan Madiyev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov and representatives of the business community of the two countries, Kazakh Invest reported. Speaking at the meeting, Ospankulov informed the participants
In October 2024, the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives allocated the first tranche for a project to establish a National Digital Investment Platform in Kazakhstan. The project aligns with the digital agenda of EDB member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, aiming to accelerate the development of the digital
Digitalization of customs administration and cargo transportation is becoming a key priority for Kazakhstan as it seeks to strengthen its position in the international arena and become a leading player in the Eurasian Economic Union (EAEU). Effective digitalization and integration with international trade routes can provide Kazakhstan with significant economic advantages, Rosreporter writes in an
Kazakhstan’s longest bridge was opened in East Kazakhstan Region on October 21 across the Bukhtarma reservoir. The two-lane automobile bridge is 1,316 meters long, and up to 80,000 vehicles can pass through it per day. At a meeting with local residents at the opening ceremony, Prime Minister Olzhas Bektenov said that the new bridge, which
The United States Agency for International Development (USAID) sponsored the fourth International Khatlon Invest and Bokhtar Food Forum–2024 from October 17 to 18 in Tajikistan’s Khatlon region. Co-hosted by the Khatlon Regional Government and the Export Development Agency of Tajikistan, and other international partners, this event enhanced regional trade and connectivity across Central Asia and
Änjali Kaur, Deputy Assistant Administrator of the United States Agency for International Development (USAID), and David Hoffman, USAID Mission Director in Uzbekistan on October 11 participated in the opening ceremony of a new fertilizer production plant established by Ifoda Agro Kimyo Himoya LLC. Ifoda, one of Uzbekistan’s leading fertilizer producers and a recipient of USAID’s Fertilizer
The Uzbek Foreign Ministry has rejected Afghan media reports saying that the Taliban-led government of Afghanistan requested the cancellation of concerts or other musical events at a trade center located on the shared border, RFE/RL reported. The statement comes after the Afghan outlet Atlaspress reported on October 14 that the Taliban had requested the Uzbek
Kazakh delegation led by Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu on October 14 participated in the 21st meeting of the Cooperation Council “Republic of Kazakhstan – European Union”. The European delegation at the talks was represented by Péter Szijjártó, Minister of Foreign Economic Relations and Foreign Affairs of Hungary,
The Asian Development Bank (ADB) and Arnur Credit Limited Liability Company have signed a senior unsecured loan of up to $5 million (in tenge equivalent) to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) in Kazakhstan, with a focus on women-led MSMEs (WMSMEs) and as well as green loans. Arnur Credit will
The third meeting of the Kazakh-Brazilian Business Council was held in Porto Alegre on October 14. Lucas Redeсker, Chairman of the International Affairs Committee of the Brazilian National Congress; Bolat Nussupov, Ambassador of Kazakhstan to Brazil; Marcel Biato, Ambassador of Brazil to Kazakhstan; and Marat Birimzhan, representative of JSC NC KAZAKH INVEST in the Americas participated. The meeting
The U.S. Agency for International Development (USAID), in partnership with the State Committee for Investments and State Property Management of Tajikistan, the State Business Incubator, and the public organization Toji Nurafshon (Tajikistan Venture Capital) hosted the Startupstan Summit 2024 in Dushanbe on October 12-13. The Startupstan Summit 2024 is a platform to foster partnerships among
More than 80 Uzbek government officials and international partners met last week in Tashkent for the third meeting of the Uzbekistan Country Platform. The meeting discussed the progress completed by three Working Groups covering critical areas for Uzbekistan’s development: water resources and supply, and sanitation; transport; urban and rural development, the Delegation of the European
President of Kazakhstan Kassym-Jomart Tokayev arrived in Turkmenistan on an official visit on October 10. At the International Airport of Ashgabat, the Kazakh leader was welcomed by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty (People’s Council) Gurbanguly Berdimuhamedov. President Tokayev held talks with his Turkmen counterpart, Serdar Berdimuhamedov. Tokayev emphasized
Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov on October 9 met with the delegation of the U.S. Trade Mission, headed by Deputy Assistant Secretary of State for Europe and Eurasia David De Falco and U.S. Ambassador to Kazakhstan Daniel Rosenblum. The parties discussed expanding strategic cooperation with the United States, focusing on developing
