Kazakhstan, AIIB Strengthen Partnership

Ahead of the Asian Infrastructure Investment Bank's (AIIB) Ninth Annual Meeting of the Board of Governors in Uzbekistan, AIIB and the Government of the Republic of Kazakhstan have committed to expand and strengthen cooperation to promote sustainable infrastructure development in Kazakhstan.

In Astana, H.E. Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of the Republic of Kazakhstan, who also serves as AIIB Governor, signed a Joined Declaration with AIIB Vice President Konstantin Limitovskiy.

Limitovskiy said: "As a Founding Member of AIIB, Kazakhstan played a significant role in the establishment and growth of the Bank. Recognizing the tremendous potential for expanding and strengthening cooperation, AIIB looks forward to contributing to the successful implementation of Kazakhstan's National Development Plan until 2029, as well as supporting the country's decarbonization ambitions to achieve Net Zero by 2060."

The declaration outlines a shared vision and strategic directions for a comprehensive investment pipeline from 2025 to 2027. Both parties agreed to promote green infrastructure as well as connectivity and regional cooperation. The declaration also highlights the importance of advancing technology-enabled infrastructure, mobilizing private capital and creating an enabling environment for private sector participation.

The partnership between Kazakhstan and AIIB demonstrates strong commitment to promoting sustainable infrastructure development and fostering economic development in the country.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond-infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 109 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.