Vice Minister of Finance D.Kengbeil, as part of the visit of the delegation of Kazakhstan to the next Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, DC, held a number of bilateral meetings

Vice Minister of Finance D.Kengbeil, as part of the visit of the delegation of Kazakhstan to the next Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, DC, held a number of bilateral meetings

Vice Minister of Finance D.Kengbeil, as part of the visit of the delegation of Kazakhstan to the next Spring Meetings of the International Monetary Fund and the World Bank Group  in Washington, DC, held a number of bilateral meetings.

During the meeting with Simon B. Chenjerani Chirwa, Practice Manager for Procurement in the Europe and Central Asia Region, issues of ongoing reforms in the field of public procurement and quasi-public sector procurement were discussed. Simon shared best practice recommendations in this area and expressed his willingness to work closely together. The parties also agreed to hold a joint procurement workshop in May this year.

At the meeting of D. Kengbeil with George Richardson, Director of Capital Markets and Investments at the of World Bank Treasury mechanisms for financing projects in Kazakhstan in the national currency were discussed. Representatives of the World Bank supported the proposal to finance Kazakh borrowers in tenge and offered to continue detailed discussions during a special visit of the World Bank representatives to Nur-Sultan.

In addition, D. Kengbeil met with the Practice Manager Financial Inclusion, Infrastructure and Access, Financial Stability and Integrity, Long-Term Finance, Ilias Skamnelos who informed about the Bank's current programs to support small and medium-sized enterprises. The parties discussed further cooperation in financing infrastructure investment projects in Kazakhstan.

  1. Kengbeil also had a meeting with Georgy Yordanov, Head of Public Sector for the Emerging Markets Region of Citibank, and William Weaver, Head of Capital Markets for Europe, Central Asia and Africa of Citibank, during which they discussed the current situation in the international securities market and prospects regarding access to external capital markets for emerging markets.

During the visit, D. Kengbeil also met with representatives of the largest investment funds, such as Eaton Vance, Fidelity Investments, Lazard,                               Payden & Rygel, where the most pressing issues in the field of investment in local and international bonds of Kazakhstan were discussed.

 

Press Service of the Ministry of Finance

 of the Republic of Kazakhstan