The Republic of Kazakhstan is a founder of the Eurasian Development Bank; its share in the Bank’s charter capital is $500 million (one third of the capital). 42% of all projects being considered by the Bank is to be implemented in Kazakhstan.

Kazakhstan was one of the first to feel the fallout of the global economic crisis. Economic growth in the country dropped from 8.5% in 2007 to 3% in 2008. In 2009, a zero GDP growth is expected. To support the economy and mitigate the consequences of the crisis, the Kazakh Government is implementing the Plan of Joint Action for Stabilising the Economy and Financial System in 2009—2010; the main goal of this plan is to mitigate the effect of the crisis on the socioeconomic situation in Kazakhstan and provide a basis for qualitative economic growth in the future. The Plan has five foci: stabilising the financial sector; solving the problems of the real estate market; supporting small and medium sized businesses; developing agribusiness; and implementing industrial and infrastructure projects. In the longer term, Kazakhstan strives to develop infrastructure, diversify production, and enhance the competitiveness of a number of national industries. An important factor in the development of the national economy is integration in the EurAsEC context, including expansion of mutual trade and investments.

Investing in Kazakhstan is a priority for the EDB. The first three projects are being implemented in this member state. The main areas of the EDB’s activity in Kazakhstan are the modernisation of the power, transport, communications and agribusiness infrastructure and boosting the manufacture of competitive, hi-tech, high-value-added products in non-raw-material sectors. In its investment activity, the Bank supports the development of trade and mutual investments of Kazakhstan and other member states.