ADB President Announces Up to $5.4 Billion in Planned Financing for Kazakhstan
Kazakhstan, March 3 -- Asian Development Bank (ADB) President Masato Kanda met today with President of Kazakhstan Kassym-Jomart Tokayev to reaffirm ADB's strong partnership with the country and announced up to $5.4 billion in indicative financing during 2026-2029 in support of Kazakhstan's development agenda. Mr. Kanda commended Kazakhstan's ongoing structural reforms to strengthen public finance and attract investment. The financing plan was outlined in a memorandum of understanding signed during the visit, which covers promoting regional cooperation, building resilience to natural hazards, and addressing regional disparities. Mr. Kanda witnessed the signing of a $377 million equivalent loan agreement for the Saryagash Bypass Project, whic...
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