Ahead of the Asian Infrastructure Investment Bank’s (AIIB) Ninth Annual Meeting of the Board of Governors in Uzbekistan, AIIB and the Government of Kazakhstan have committed to expand and strengthen cooperation to promote sustainable infrastructure development in Kazakhstan.
On September 19 in Astana, Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy 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 Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing infrastructure in Asia and beyond. The Bank began operations in Beijing in 2016 and has since grown to 109 approved members worldwide.
