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In October 27 of current year, representatives of the Committee for Roads of the Ministry of Investment and Development of the Republic of Kazakhstan (CoR) held a meeting with the leading experts of the European Bank for Reconstruction and Development (EBRD) in the framework of country concept mission.

EBRD is one of the main strategic partners of Kazakhstan. EBRD shareholders are 65 countries, as well as the European Union and European Investment Bank. EBRD has invested over 300 million US dollars only to the road sector in Kazakhstan and in future it is planned to sign Loan Agreement for 200 million US dollars. EBRD is one of the country's leading investors.

During the meeting the parties touched upon issues on implemented joint projects and mutual cooperation for the next 4 years, the results of interaction between Kazakhstan and EBRD, as well as aspects of the Bank's new strategy for Kazakhstan for 2017-2020 years. Recall that the current EBRD strategy for Kazakhstan, adopted in December 2013, will be completed at the end of 2016.

One of the main direction of Bank’s activities in Kazakhstan, as in the current strategy is the development of private sector. So during the presentation of the new strategy the importance of cooperation between the state and private sector, improvement of communication between the regions, strengthening of the banking sector and development of local capital markets were emphasized. In addition, representatives of CoR assured of the need to transition to a "green economy" and discussed the main directions of work for the transition to this direction of development, stressed the importance of infrastructure projects implementation with the use of safe technologies.

Work on the amendments to the new strategy will be continued. EBRD Board of Directors will adopt it in the first quarter of 2017.