Astana, Kazakhstan, April 24. At the spring
meetings of the International Monetary Fund (IMF) and the World
Bank, the Chairman of the National Bank of Kazakhstan (NBK), Timur
Suleimenov, signed a Framework Agreement with the International
Bank for Reconstruction and Development (IBRD), Trend reports via
Kazakhstan’s National Bank.
According to information, the agreement aims to develop
cooperation in key areas such as strengthening expertise,
conducting joint research, and exchanging best practices between
the two organizations. These initiatives are intended to contribute
to improving financial stability and the development of
Kazakhstan’s economy.
The International Bank for Reconstruction and Development (IBRD)
is part of the World Bank, which provides loans and financing for
the development of middle-income countries and the poorest
countries that need support to achieve sustainable economic
growth.
In March 2024, the World Bank approved a $600 million loan for
Kazakhstan under the Policy Development Program. The goal of the
program is to support reforms aimed at transitioning to a more
competitive, environmentally friendly, and inclusive economy.