BISHKEK (TCA) — Kazakhstan is the richest country in the Commonwealth of Independent States (CIS) according to The Richest Countries in the World, the ranking prepared by the Global Finance Magazine.
ASTANA (TCA) — The World Bank Board of Directors has approved a US $5 million grant by the Global Environment Facility for providing technical support to the Government of Kazakhstan and the local insurance market to help address the effects of climate change on the national economy through the development of an advanced insurance market infrastructure, the World Bank said.
TASHKENT (TCA) — The government of Uzbekistan has offered for sale state-owned stakes in the country’s two commercial banks, the Novosti Uzbekistana news agency reported.
ASTANA (TCA) — The European Union is looking for alternative routes to export its products to Kazakhstan’s market, the European Commissioner for Agriculture and Rural Development Phil Hogan said at a press conference in the Kazakh Ministry of Agriculture on April 14, the official website of the Prime Minister of Kazakhstan reported.
BISHKEK (TCA) — World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun on April 13 signed the first co-financing framework agreement between the two institutions.
ASTANA (TCA) — Kazakhstan has become the largest country in Europe and Central Asia in terms of attraction of investments from the World Bank which have now reached $6.8 billion, First Deputy Minister of National Economy of Kazakhstan Marat Kussainov said on April 13, the official website of the Prime Minister of Kazakhstan reported.
