Expansion of Cooperation of Kazakhstan with the European Investment Bank Discussed in Luxembourg, DKnews.kz reports
Kazakhstan’s Permanent Representative to the European Union, Margulan Baimukhan, held a meeting with European Investment Bank (EIB) Vice-President Kyriacos Kakouris.
During the meeting, the parties discussed key areas of Kazakh-European cooperation, including investment projects and initiatives aimed at promoting the socio-economic development of Kazakhstan. Particular attention was given to co-financing projects focused on infrastructure modernization and improving water security.
Ambassador Baimukhan specifically emphasized the growing role of the Trans-Caspian International Transport Route in enhancing trade relations and establishing business contacts between Europe and Asia. Additionally, he expressed interest in expanding cooperation in the field of the green economy and technologies.
The Kazakh diplomat also informed his counterpart about the main priorities outlined in the State of the Nation Address of the President of Kazakhstan, Kassym-Jomart Tokayev, on September 2 of this year. It was highlighted that the Kazakh leadership’s commitment to continuing political, economic, and social reforms aimed at improving the well-being of the country’s citizens.
The European Investment Bank (EIB) is the largest multilateral borrower and lender in the world, playing a key role in financing sustainable development projects. In 2023, EIB’s investment volume reached 95 billion euro, while the bank’s total asset portfolio grew to 600 billion euro. The bank operates in more than 160 countries, supporting projects in the fields of infrastructure, innovation, water security, and energy.
