Kassym-Jomart Tokayev receives ADB President

Kassym-Jomart Tokayev receives ADB President

The Asian Development Bank (ADB) has invested around $7 billion in Kazakhstan over the past 30 years. In particular, the bank participated in the construction of the Western Europe – Western China international corridor and the reconstruction of the Aktobe – Kandyagash road. At a meeting with ADB President Masatsugu Asakawa, President Kassym-Jomart Tokayev expressed Kazakhstan’s appreciation for the bank’s role in advancing key infrastructure projects and strengthening the national financial system. Tokayev highlighted decarbonizing the economy as a promising area for future collaboration, and Asakawa commended Kazakhstan’s progress in economic reforms. The parties are set to sign an over $300 million agreement to finance the Kyzylorda – Zhezkazgan highway construction.