At the Forum, organised by the OPEC Fund for International Development, Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan Nurlan Baibazarov held a number of bilateral meetings with Islamic development institutions that are members of the Arab Coordination Group, and signed a Framework Programme Agreement between the Government of the Republic of Kazakhstan and the Islamic Development Bank.
The agreement consolidated earlier agreements on attracting long-term investments to start implementing infrastructure projects this year in the water and transport sectors. To this end, the Islamic Development Bank will allocate up to USD 2 billion.
The Ministry of Water Resources and Irrigation has prepared 16 projects ready for funding this year. Among them are construction and reconstruction of reservoirs, dams, irrigation canals, counter-regulators and related infrastructure. The Ministry of Transport proposed 4 projects on reconstruction and construction of motorways of republican importance with a total length of more than 500 km.
The agreement provides for regular consultations and monitoring of the implementation of joint projects to ensure successful implementation and achievement of the set objectives.
