Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesNIB has signed a Framework Agreement on financial cooperation with the Republic of Kazakhstan. The agreement makes it possible for NIB, as an international financial institution, to fund investment projects in the country.
The signing took place in connection with a high-level business forum in Helsinki organized by the Confederation of Finnish Industries and Business Finland. The event was part of the official state visit to Finland by Hon Mr Nursultan Nazarbayev, President of Kazakhstan, on 16–17 October.
The Chairman of NIB’s Board, Sven Hegelund, gave a speech at the business forum’s roundtable. Mr Hegelund spoke about how NIB recognized early on the importance of the projects outside the Bank’s member countries for mutual beneficial development.
“We are very pleased to sign an agreement with the Republic of Kazakhstan, and we look forward to offering financing to projects in Kazakhstan with shared beneficial opportunities”, said Mr Hegelund.
According to Mr Hegelund, NIB could play an important role in assisting Kazakhstan in its future efforts to accelerate the modernization of the economy. He mentioned some of the sectors such as the renewable energy sector, telecommunications and transportation.
In addition to Mr Hegelund, NIB was represented at the business forum by Mr Heikki Cantell, General Counsel, who had negotiated the Framework Agreement and Mr Thomas Wrangdahl, First Vice-President. On behalf of Kazakhstan, the agreement was signed by Mr Timur Suleimenov, Minister of National Economy.
Original source: NIB
Published on 17 October 2018