BAKU, Azerbaijan, September 23. Kazakhstan’s
Kurultai has adopted in two readings a law ratifying the Framework
Agreement on Partnership between the Government of Kazakhstan and
the Asian Infrastructure Investment Bank (AIIB), the Kurultai’s
press service said today.
Deputy Prime Minister and Minister of National Economy Serik
Zhumangarin said during the meeting that the agreement will allow
Kazakhstan to attract about $6 billion from the Asian
Infrastructure Investment Bank in 5 years.
Under the document, projects financed by the bank will be
implemented in accordance with its rules, including requirements
related to anti-corruption measures, banking practices,
disbursement of funds, financial control, information disclosure,
procurement, and environmental and social standards.
“Thus, the Framework Agreement establishes unified legal rules
in Kazakhstan for future AIIB projects, which will make it
unnecessary to set out the same requirements separately for each
new project and will reduce legal risks in the future,” the
Kurultai press service said.
The main objectives of the document are to expand financing
instruments for infrastructure projects, identify priority sectors
for financing and optimize project implementation procedures.
The ratification of the agreement will enable Kazakhstan to
attract investment to finance projects in transport, energy,
digital connectivity and other sectors of the economy.
Kazakhstan and the AIIB signed the Framework Agreement on
Partnership in February 2026.
The Asian Infrastructure Investment Bank is a multilateral
development bank dedicated to financing “Infrastructure for
Tomorrow,” with sustainability at its core. The AIIB began
operations in 2016 and works with partners to mobilize capital and
invest in infrastructure and other productive sectors that foster
sustainable economic development and enhance regional
connectivity.
