25 Years of ADB-Kazakhstan Partnership
For 25 years ADB has been supporting Kazakhstan in its socioeconomic development. The below timeline reviews key highlights of this long-standing partnership.
On January 19 Kazakhstan becomes the first country in Central Asia to join ADB.
A chapter on Kazakhstan’s economic prospects and challenges was published for the first time in the Asian Development Outlook – ADB’s flagship publication.
On June 26, the Government of Kazakhstan ratifies the Technical Assistance Framework Agreement, laying the foundation of the future partnership.
ADB starts a project to help rehabilitate a 192 km section of the Almaty-Astana road.
A project to promote efficient irrigation and enhance farm productivity in South Kazakhstan oblast is approved.
ADB helps provide new computers, language laboratory equipment, and related software for selected schools in the country.
ADB approves a project to improve the efficiency and safety of the subregional road transport link between Almaty and Bishkek.
Kazakhstan joins the Central Asian Regional Economic Cooperation Program (CAREC).
ADB and Kazakhstan sign a loan agreement aimed at improving living and health conditions for people in rural areas by providing basic water supply and sanitation services.
ADB issues first local currency bonds amounting to KZT6 billion to support private sector lending to financial institutions.
ADB contributes to the country’s Western Europe – Western China major road improvement project implementation by helping rehabilitate a 470 km road section in Zhambyl oblast.
A $500-million countercyclical support loan to help the country mitigate the impact of global economic and financial crisis is provided.
ADB approves an investment program aimed at providing financing to small- and medium-sized enterprises (SME) to increase their productivity and competitiveness.
A multitranche financing facility to reconstruct 790 km of roads in Mangystau region is approved.
ADB approves a loan to help improve a 65-kilometer Taraz bypass road in Zhambyl Oblast.
A project to help Kazakhstan build an efficient transport network along Shymkent-Tashkent road section is approved.
Bank CenterCredit JSC and a subsidiary of Sberbank JSC sign trade finance agreements with ADB to boost their lending portfolios to domestic trading companies.
The government of Kazakhstan and ADB launch the joint Knowledge and Experience Exchange Program to support implementing the country’s development strategies.
ADB approves non-sovereign projects in agribusiness and energy sectors.
Kazakhstan hosts ADB’s Board of Governors Annual Meeting for the first time under the overall theme “The Silk Road: Connecting Asia with a Changing World”.
ADB and Kazakhstan sign a Partnership Framework Agreement that sets forth a new paradigm for partnership to support the country’s development agenda.
A $1 billion loan to help Kazakhstan mitigate the negative impacts of the steep decline in commodities’ prices and the economic slowdown in its major trading partners is approved.
ADB and Nazarbayev University sign a Memorandum of Understanding focused on joint research, capacity building and policy dialogue.
Support to Kostanay oblast in fostering entrepreneurship and SME development is provided.
ADB provides two private sector loans in support of solar power development, and approves sovereign projects in transport, finance and agricultural sectors.
ADB and UNDP agree to providing joint support to achieving the Sustainable Development Goals in Kazakhstan.
This year marks the 25th anniversary of ADB-Kazakhstan partnership. ADB inaugurates its expanded office in Nur-Sultan city.