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Kazakhstan remains attractive for international development banks

19.02.2020 3862
In Q3 2019, the volume of investment and project financing by international development banks (IDBs) of the CIS states’ private sector saw an 81.2% growth compared to Q2 2019 and amounted to $1.87bn, ranking.kz informs.
In January – September 2019, nine international financial institutions approved new financing of 100 projects in the CIS worth $3.bn, that is 81.2% more compared to the same period in 2018 ($2.1bn).
The European Bank for Reconstruction and Development leads in investing in the CIS countries (46.9%). The Eurasian Development Bank (25.2%) and the Asian Development Bank (12.3%) are among the leaders too.
The biggest share of approved investment and project financing falls on Kazakhstan: 45.6% that is significantly higher than in other countries. Ukraine is the second with 23.2% and Russia stands the third (11.6%).
In three quarters of 2019, the international development banks approved financing of 30 projects in Kazakhstan to the total amount of $1.7bn that is 2.7times higher compared to the previous year ($628.2mn).
The EBRD, EDB and ADB became the major investors in Kazakhstan.
The EBRD injected $616.3mn of investment in Kazakhstan’s private sector or 35.4% of the total sum of financing by the international development banks. At the end of 2018, the total amount of the EBRD’s investment in Kazakhstan was €7.7bn, and active portfolio was €2.4bn.
The amount of the approved investment and project financing by the EDB in January-September 2019 made $538.5mn or 30.9%. As of February 1, 2019, 37.2% of the EDB’s investment portfolio fell on Kazakhstan (40.9% - on Russia).
In turn, the ADB spent $468.6mn on Kazakhstan’s private sector in January-September 2019.
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