Agency and IFC sign cooperation agreement on investment funds

A meeting was held between the Chairperson of the Agency for Regulation and Development of the Financial Market and a delegation of the International Finance Corporation (IFC) led by Ms. Wiebke Schloemer, IFC Director for Turkey and Central Asia.

During the meeting, the Agency and IFC signed a Letter of Agreement for the provision of advisory services. Under this agreement, the IFC will develop recommendations and participate in consultations with public and private stakeholders.

The parties also discussed the current results of their bilateral cooperation, including the introduction of ESG standards in Kazakhstan’s financial system, the transformation of microfinance institutions into banks, and IFC support for regulatory and rule-making initiatives.