OREANDA-NEWS. May 22, 2014. Minister of Economy and Budget Planning of Kazakhstan Yerbolat Dossayev and Managing Director for Turkey, Eastern Europe, Caucasus and Central Asia Olivier Descamps discussed bilateral cooperation between Kazakhstan and the European Bank for Reconstruction and Development (EBRD).

The Minister explained that Kazakhstan Government is planning to expand cooperation with international financial institutions to be more effective in achieving the strategic priorities, Yerbolat Dossayev said.

It is about strengthening diversification and competitiveness of Kazakhstan's economy, attracting investment in non-oil sectors, development of private enterprise and human capital, support for SMEs and institutional foundation, Yerbolat Dossayev said.

It is expected that Kazakhstan Government will sign framework partnership agreement with the EBRD within VII Astana Economic Forum.

Framework partnership agreements at Kazakhstan are signed with World Bank Group - USD 2.5 billion and the Asian Development Bank - USD 1.6 billion.