Kazakhstan participated in the OPEC Fund Development Forum

June 24-26, 2024, Vienna – Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan N.Baibazarov participated in the OPEC Fund Development Forum 2024 in Vienna.

In his speech at the opening of the Forum, the head of the Kazakhstan delegation informed the participants about economic policy and structural reforms in Kazakhstan and stressed the importance of developing cooperation with international financial institutions.

The Deputy Prime Minister noted the launch of a new investment cycle to form a strong industrial framework and provide the economy with basic infrastructure.

On the sidelines of the Forum, N.Baibazarov held talks with the President of the OPEC Fund for International Development, Dr. Abdulhamid Alkhalifa. The parties discussed issues of bilateral cooperation and prospects for collaboration in various areas and signed a partnership framework memorandum which sets a mid-term agenda for collaboration.

During the meeting with the Islamic Development Bank President Mohammed Al-Jasser, a framework program agreement was signed aimed at strategic cooperation and support for infrastructure projects and Kazakhstan's growth strategy.

The Deputy Prime Minister also held a number of bilateral meetings with the leadership of the Qatar Fund for Development, the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, and other members of the Arab Coordination Group.