Government discusses cooperation with international financial organizations

Government discusses cooperation with international financial organizations

Attracting investment and accelerating the implementation of major projects were discussed at a government meeting of the Coordination Council on Cooperation with International Financial Organizations. Special attention was paid to initiatives in the field of the energy transition. Among the proposals was the creation of a unified investment platform in the energy sector, intended to bring together priority energy transformation projects and help attract long-term international financing. Over the past year, the Ministry of Energy and the Ministry of Ecology and Natural Resources, together with the European Bank for Reconstruction and Development (EBRD), have worked on the platform’s concept. The mechanism is designed to ensure coordination of climate finance by pooling resources from international financial institutions, government bodies, and the private sector. The meeting also reviewed infrastructure projects in water management, flood risk management, and public utilities. Prime Minister Olzhas Bektenov emphasized the importance of cooperation with international financial institutions and instructed government agencies, together with partners, to refine proposals and ensure coordination and the timely implementation of joint investment projects.