OREANDA-NEWS. EBRD President Thomas Mirow travels to Almaty next week for meetings on 3-4 June with top administration officials as well as business executives and also to participate in two high-level investment conferences, reported the press-centre of EBRD.

President Mirow will hold discussions with President Nursultan Nazarbayev, with Prime Minister Karim Massimov, central bank governor Grigory Marchenko, and the akim of Almaty. Ahmedzhan Yessimov, among others.

On 3 June, he will speak as a panellist at the 4th Kazakhstan Investment Summit, joining in a session entitled “Kazakhstan’s Financial Sector: Market stability & prospects for international investors”.

The following day, the President attends the Plenary Session of the Foreign Investors’ Council where he will speak on the important issue of developing a skilled labor force in Kazakhstan.

In addition to his meetings with executives from both the financial and non-financial business sectors in Almaty, President Mirow expects to sign agreements to form a new investment fund jointly with Samruk-Kazyna, operated by a private fund manager and focused on corporate debt restructuring.

The EBRD’s current investment strategy for Kazakhstan has an immediate focus on support for the corporate sector, addressing financing requirements arising from the economic crisis while also promoting economic diversification and innovation.

The Bank is also working with authorities and other International Financial Institutions to strengthen the financial sector. The banking sector remains the key conduit for EBRD financing for small enterprises.

The EBRD supports development of the infrastructure sector, which is key to longer-term sustainable growth, and is working to help address energy imbalances and shortages, with a special emphasis on clean technology and sustainable energy projects

To date, the EBRD has committed over EUR2.4 billion in various sectors of the Kazakh economy, mobilising additional investments in excess of EUR5 billion.