Olzhas Bektenov and representatives of Société Générale Bank discuss attracting private capital to Kazakhstan

Prime Minister of Kazakhstan Olzhas Bektenov met with representatives of the international bank Société Générale – Head of the Middle East, Turkey / CIS, Africa Emrik Arnaud and Head of Central Asia and the Caucasus region Teyba Guliyeva.

During the meeting the issues of current cooperation within the framework of investment projects implementation were discussed. Société Générale is one of the largest international financial institutions, founded in 1864 and represented in 66 countries of the world. For 30 years of cooperation between the Government of Kazakhstan and the Bank, more than 30 joint projects worth over $17bn have been implemented.

Currently, a number of Kazakh companies are negotiating with Société Générale Bank on projects in the energy infrastructure and financial market. In addition, the participants of the meeting considered the prospects of co-operation in the ESG direction (ecological environment, public activity, corporate governance) in order to integrate sustainable development in all sectors of the economy.

"As the Head of State Kassym-Jomart Tokayev noted, it is necessary to actively involve international banks to attract foreign investment in Kazakhstan. In this direction, the Government is ready for mutually beneficial partnership and will assist in the implementation of projects important for the country," Olzhas Bektenov emphasised. 

In pursuance of the tasks set by the Head of State in his Address to the people of Kazakhstan, the country is implementing a set of measures to create favourable conditions for attracting capital investment in the economy from foreign sources, including reliable international banks to increase competition in the financial sector. The purpose of this work is to attract to Kazakhstan banks with experience in the international market, which can be actively involved in lending to the economy.

#Olzhas Bektenov #The Prime Minister of the Republic of Kazakhstan #Finance #International Cooperation #Investments

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