Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development

On 5–6 June 2026, the Kazakh delegation headed by Vice Minister of Finance and Alternate Governor for Kazakhstan at the Board of Governors of the European Bank for Reconstruction and Development (hereinafter – EBRD), Mr. D. Kenbeil, participated in the EBRD Annual Meeting and Business Forum held in Riga.

As part of the event, an investment session on Kazakhstan entitled “Kazakhstan’s New Investment Cycle” was held with the participation of Vice Minister of Finance D. Kenbeil, Vice Minister of National Economy A. Darbayev, and Chairman of the Development Bank of Kazakhstan JSC M. Yelibayev.

During the session, D. Kenbeil delivered a presentation on Kazakhstan’s public debt management policy, measures to attract foreign participants to the country’s stock market, and the priorities of the current fiscal policy.

The session was attended by more than 200 participants, including representatives of multinational corporations, international financial institutions and banks, as well as experts in economics, investment, finance, and technology.

On the sidelines of the Annual Meeting, bilateral meetings were held with EBRD Managing Director for Central Asia and Mongolia Mr. Hussein Ozhan, Director for Austria, Israel, Cyprus, Malta, Kazakhstan, and Bosnia and Herzegovina Ms. Elisabeth Wichtum, and EBRD Director for Infrastructure in Eurasia Ms. Ekaterina Miroshnik. The parties discussed issues related to the development of trade, economic, and investment cooperation.

Following the meetings, two documents were signed: the Framework Partnership Agreement between the Government of the Republic of Kazakhstan and the EBRD aimed at expanding cooperation to promote the sustainable development and growth of Kazakhstan, and the Supplementary Agreement to the Cooperation Agreement between the Government of the Republic of Kazakhstan and the EBRD concerning the Technical Cooperation Account of the Government of Kazakhstan and the EBRD with respect to the Technical Cooperation Programme dated 1 July 2013.

These agreements provide for support in implementing structural reforms and key public policy priorities through project financing, technical assistance, analytical research, institutional capacity-building of government agencies, the introduction of international best practices, and support for the development of infrastructure, digitalization, the private sector, and the green economy. These efforts will contribute to enhancing the competitiveness of the national economy and improving the quality of life of the population.