Kazakhstan
Kazakhstan’s economy is developing quickly. The average annual growth rate over the past few years has been calculated at 9%. In order to maintain high growth rates and enter into the trajectory of sustainable economic development, Kazakhstan must, among other things, develop its infrastructure, diversify production, and improve competitiveness in a number of the national economy’s industries. One important factor in Kazakhstan's economic development is the intensification of economic cooperation within the framework of EurAsEC, including expanding shared commodity flows and securing investments.
Investment in Kazakhstan, together with Russia, is a priority for the EDB. The practical importance of this priority is demonstrated by the fact that the Bank’s first three projects are being carried out in Kazakhstan. The Bank’s priorities in the Republic of Kazakhstan include modernizing the energy, transport, communications and agro-industrial infrastructures, increasing the output of competitive, high-tech products with high added-value in the finished/manufactured materials sectors. The Bank’s investment operations aim to support the development of trade and mutual investment in Russia, Kazakhstan, and other countries in Central Asia.
The Republic of Kazakhstan is one of the founders of the Eurasian Development Bank. Kazakhstan's share in the Bank's charter capital amounts to US$500 million, or one-third of the charter capital.