Annual Meeting of the Board of Governors of the Asian Development Bank

On September 26-30, 2022, the 55th Annual Meeting of the Board of Governors of the Asian Development Bank was held in Manila (Philippines).

Vice-Minister of Finance Dauren Kengbeil, as an Alternative Governor from the Republic of Kazakhstan, and representative of the Ministry of National Economy of the Republic of Kazakhstan Nurym Ayazbayev attended the Plenary meeting of the Bank's Board of Governors.

Also during the visit, the Vice Minister of Finance held a number of bilateral meetings.

During the meeting with the ADB’s Director General of the Regional Department for Central and West Asia Evgeny Zhukov, issues on the elaboration of a Reform Matrix that will serve as the basis for the provision of financing from the ADB to the Republic of Kazakhstan as budget support, as well as the development of a new ADB Country Partnership Strategy for Kazakhstan for 2023-2027 were discussed.

At a meeting with ADB's Vice President of Private Sector Operations and Public-Private Partnership Ashok Lavasa the sides exchanged views on the implementation of a number of projects increased financing in the private sector. The parties noted that the new ADB Strategy will contribute to the effective implementation of the tasks and ongoing economic reforms in Kazakhstan.

In conclusion, D. Kengbeil assured that the ADB is an important and strategic partner for the Republic of Kazakhstan, and also expressed gratitude for the financial assistance provided by the ADB.