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    Reference: 20120596
    Release date: 27 June 2013

    Promoter – Financial Intermediary

    JSC DEVELOPMENT BANK OF KAZAKHSTAN JSC

    Location

    Description

    A dedicated EIB loan to finance projects promoted by SMEs & mid-caps in Kazakhstan.

    Objectives

    A first part of the loan will finance SMEs, in line with Kazakhstan's government objectives to support the growth of the SME sector in the country, diversify the economy and lower its dependence on the oil and gas extraction sectors. A second part will focus on financing projects contributing to climate change mitigation and adaptation.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 120 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 27/12/2013

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Kazakhstan Credit lines