Kazakhstan: Cofinancing | Asian Development Bank

Kazakhstan: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

From 1994 to the end of 2016, cumulative direct value-added official cofinancing for Kazakhstan amounted to $3.83 billion for five investment projects and $2 million for four technical assistance projects. Cumulative direct value-added commercial cofinancing for Kazakhstan amounted to $3.74 million for one investment project.

In 2016, Kazakhstan received $1.0 billion loan cofinancing from the World Bank for countercyclical support; and $273 million from the Islamic Development Bank for the CAREC Corridors 1 and 6 Connector Road (Aktobe–Makat) Reconstruction.

Kazakhstan: Projects Cofinanced, 1 January 2012–31 December 2016

Cofinancing No. of Projects Amount
($ million)
Projectsa 4 1,473.24
 Official loans 3 1,469.50
 Commercial cofinancing 1 3.74
Technical Assistance Grants 1 1.00

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Kazakhstan, 1 January 2012–31 December 2016

Project ADB Amounta ($ million) Cofinancing Amount ($ million) Type of Cofinancingb
CAREC Corridors 1 and 6 Connector Road (Aktobe–Makat) Reconstruction 240.30 273.00 O
CAREC Corridor 3 (Shymkent–Tashkent Section) [Link to the Western Europe–Western People’s Republic of China International Transit Corridor] Road Improvement 125.00 196.50 O
Countercyclical Support 1,000.00 1,000.00 O
Trade Finance Program 7.48 3.74 C

CAREC = Central Asia Regional Economic Cooperation.
a Loan, grant or blend.
b C = commercial cofinancing, O = official loan cofinancing.