KAZAKHSTAN, EUROPEAN INVESTMENT BANK STRENGTHEN COOPERATION
The European Investment Bank will allocate 200 million euros to KazAgro holding. As the Ambassador of Kazakhstan to the European Union, Belgium and Luxembourg Almaz Khamzayev announced, the signing of the agreement for a period of 15 years is planned for this year. Currently, the agrarian holding jointly with the European Investment Bank is negotiating on the terms of the loan. The allocated funds are planned to be directed to finance the projects of KazAgro subsidiaries, particularly, purchase of agricultural machinery, modernization of grain elevators, livestock breeding without GMO and fruit trees cultivation. The diplomat stressed that today the priorities of the financial institution fully coincide with Kazakhstan’s policy. So, as part of cooperation, loans to support small and medium business were also allocated.
ALMAZ KHAMZAYEV, AMBASSADOR OF KAZAKHSTAN TO EU, BELGIUM AND LUXEMBOURG
- At the end of last year, two more agreements were signed in Paris. The fund Damu also took credit lines on very favorable terms from the European Investment Bank to finance SMEs projects. I must emphasize that the Government is not a borrower in this cooperation. Borrowers are the second-tier banks. And it will be favorable credit lines that our small and medium business can use.