Kazakhstan eyes about $6 bln from AIIB over five yearsKazakhstan's Kurultai on Wednesday reviewed and passed in two readings a law ratifying a framework partnership agreement between the Kazakh government and the Asian Infrastructure Investment Bank, Deputy Prime Minister and National Economy Minister Serik Zhumangarin told lawmakers."Kazakhstan is a founding member of the AIIB and has worked with the bank since it was established in 2016. The agreement sets rules that differ from national legislation for applying the bank's policies to state-guaranteed loans and grant projects," Zhumangarin said.The agreement provides for the use of AIIB procurement rules for goods, works and services, along with its anti-corruption, environmental, social, labor and information-disclosure standards."Ratification is a standard procedure needed for the agreement to enter into force, which will speed up the implementation of infrastructure projects," Zhumangarin said.In the first five years after ratification, the framework agreement will bring additional long-term financing on preferential terms worth about $6 billion into transport, energy, healthcare and green finance, he said.Work will soon begin on financing several infrastructure projects, including reconstruction of the Zhezkazgan–Karaganda, Aktobe–Karabutak–Ulgaysyn, Atyrau–Dossor and Moyynty–Kyzylzhar road and rail lines, Zhumangarin said.Over 10 years of cooperation with the AIIB, Kazakhstan has carried out seven projects worth $1.8 billion in energy, healthcare, and economic and fiscal resilience, he said. (ICE ALMATY)

Fonte notizia: INTERFAX