ASTANA, Kazakhstan, October 16. Minister of National Economy and Governor of the World Bank from Kazakhstan Alibek Kuantyrov held a meeting with the Vice President, Treasurer, and Pension Finance Administrator of the World Bank Group, Jorge Familiar, Trend reports.
The parties discussed issues of financing projects in the national currency, tenge. The minister noted that Kazakhstan is ready to further expand mutually beneficial cooperation, including in such areas as the green economy and gender equality.
Kuantyrov also noted the importance of technical and expert assistance from the World Bank Group.
In addition, issues of improving the investment climate were discussed. In particular, in such areas as green energy and public-private partnerships, as well as the development of the Trans-Caspian International Transport Route (TITR, or Middle Corridor),
The World Bank Group is one of the largest sources of external financing for the Republic of Kazakhstan.
The National Bank of Kazakhstan is the depository of International Bank for Reconstruction and Development (IBRD) assets.
Transfers of amounts payable to the Republic of Kazakhstan when carrying out operations and transactions provided for by the provisions of the IBRD are carried out through the National Bank of Kazakhstan.
The Middle Corridor is a transportation and trade route that connects Asia and Europe, passing through several countries in the region. It is an alternative route to the traditional Northern Corridor and Southern Corridor. The route starts in China and crosses Central Asian countries such as Kazakhstan, Uzbekistan, and Turkmenistan. It then passes through the Caspian Sea, Azerbaijan, Georgia, and Türkiye before reaching Europe. The Middle Corridor offers a land route that connects the eastern parts of Asia, including China, with Europe, bypassing the longer maritime routes.
