EIB may loan 320 mln euros to Development Bank of Kazakhstan to support green and transport projectsDevelopment Bank of Kazakhstan (DBK) JSC and the European Investment Bank (EIB) signed a memorandum of understanding, which provides for the possibility of financing projects in the fields of transport infrastructure and green energy, the DBK press service reports.If the parties agree, the next step will be signing of agreement on the financing of investment projects by the EIB.“As part of cooperation with the EIB, an agreement has been reached on the possible provision of loans to DBK for a total amount of up to 320 million euros. These funds can be used to finance projects in various sectors of the economy, including the development of sustainable transport infrastructure between Europe and Central Asia and the development of green energy. Such cooperation will contribute to the intensification of trade relations between global regions,” Deputy Chairman of the Board of DBK Botagoz Abisheva, is quoted as saying in the press release.The memorandum was signed on the sidelines of the Global Forum on Transport Connectivity of the European Union and Central Asia (Global Gateway Forum), held in Brussels on January 29-30.Earlier on Monday it was reported that European and international financial institutions intend to allocate 10 billion euros for the development of transport links in Central Asia, in particular, for the development of the Trans-Caspian transport route.It is noted that the Global Gateway strategy is an initiative of the European Union, which is designed to reduce global investment inequality and help develop connectivity in the digital, energy and transport sectors. To achieve this goal, the European Union plans to attract up to 300 billion euros of public and private investment in the period from 2021 to 2027.The Development Bank of Kazakhstan founded in 2001, provides loans to medium- and long-term investment projects in the field of industrial infrastructure and in non-resource sectors of the economy, and helps to attract foreign and domestic investments into the country's economy. It is part of the Baiterek state holding.The European Investment Bank is the financial and investment body of the European Union, which is the EU's climate bank and works to combat climate change, seeking to enable and support the transition to a low-carbon and climate-resilient economy. (ICE ALMATY)

Fonte notizia: INTERFAX