The Government of Kazakhstan has joined forces with a London-based bank to improve the standards of water and solid waste management in the country.
The Ministry of Environmental Protection signed a Memorandum of Understanding with the European Bank for Reconstruction and Development (EBRD) to cooperate on reforms and projects in waste and water management sectors.
Sir Suma Chakrabarti, EBRD President said: “The EBRD has always been supportive of initiatives in Kazakhstan that make the economy more efficient and improve peoples’ lives and we are strongly behind the Government’s green agenda. This memorandum is a signal that both the Bank and Kazakhstan are willing to cooperate on a new level.”
The EBRD has investment close to $6.3 billion in Kazakhstan’s economy, with more than $650 million of it in sustainable energy projects. Earlier this month it also provided a loan worth €106 million (£90.8m) to help the nation upgrade its electricity networks.