EBRD supports implementation of new economic reforms in Kazakhstan

The European Bank for Reconstruction and Development supports the implementation of new economic reforms in Kazakhstan. Kazakh Prime Minister Alikhan Smailov held the meeting with the EBRD Vice President. According to Alain Pilloux, the Bank expresses interest in implementing joint projects to achieve the decarbonization of the Kazakh economy by 2060. In particular, the EBRD plans to invest in the project to replace coal with gas at Almaty Thermal Power Plant 2. The Bank is also ready to continue funding the development of renewable energy sources and other infrastructure programs in Kazakhstan. Overall, over 30 years of joint work with the European Bank for Reconstruction and Development, about 300 projects worth more than US$10 billion have been implemented in the country.

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