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ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) believes that the Astana International Financial Centre (AIFC) will serve as an anchor for reform and the development of the domestic financial sector, EBRD President Sir Suma Chakrabarti said in a speech at Kazakhstan Foreign Investors' Council in Astana on May 27, which he co-chaired with Kazakhstan President Nursultan Nazarbayev. Continue reading
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is signing projects worth over €350 million in Kazakhstan this week with investments that improve the quality of public services for the population, raise food quality standards and help combat climate change, the EBRD Press Office said. Continue reading
ASTANA (TCA) — Asian Development Bank (ADB) Vice-President Wencai Zhang ended his 4-day visit to Kazakhstan on May 26. During his trip, he held talks with senior government officials, participated in the 9th Astana Economic Forum, and visited small- and medium-sized enterprises (SMEs) supported by ADB. Continue reading
ASTANA (TCA) — On May 25 and 26, Kazakhstan’s capital Astana hosted the annual economic and political event, Astana Economic Forum. Continue reading
ASHGABAT (TCA) — The European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti visited Turkmenistan on 23 May, as part of a trip to three Caspian states – Turkmenistan, Azerbaijan and Kazakhstan. Continue reading
ASTANA (TCA) — Kazakhstan faces new challenges due to the decline in commodity prices and the slowdown of key regional economies. The Kazakh authorities have taken steps to address these challenges, notably floating the tenge, which will help the economy adjust. Going forward, it will be important to modernize policy frameworks, create more efficient and transparent institutions, and deepen Kazakhstan’s into regional and global markets, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said in her statement on May 24 at the conclusion of her visit to Kazakhstan. Continue reading
