OREANDA-NEWS. May 26, 2014. Kazakhstan intends to continue effective cooperation with the European Investment Bank in the field of energy, infrastructure, industry and agri-food sector, as well as to consider the possibility of increasing funding for projects involving the European Investment Bank, the Minister of Economy and Budget Planning Yerbolat Dossayev said at the meeting with the director of East Neighbourhood and Central Asia Department of the European Investment Bank Heinz Olbers.

The parties discussed prospects of signing of the Framework Partnership Agreement between the Government of Kazakhstan and the Bank, which provides for the development of the following areas:

Financial sector;

Small and medium-sized businesses;

Infrastructure, including transport, energy and urban development;

Development of the private sector, including public-private partnerships, etc.
500 billion tenge for crediting small and medium-sized businesses (100 billion tenge), funding for industrial innovative development (150 billion), as well as to improve the banking sector (250 billion) were allocated from the National Fund of Kazakhstan to support and stimulate economic growth.

For reference: Currently, Framework partnership agreements between the Government of the Republic of Kazakhstan and the World Bank Group (1.05.14), as well as between the Government of the Republic of Kazakhstan and the Asian Development Bank (4.05.14) were signed to strengthen cooperation with international financial organizations. A similar agreement expected to be signed with the European Bank for Reconstruction and Development.