Asian Infrastructure Investment Bank to Support Kazakhstan’s Sustainable Infrastructure Projects – The Astana Times
Asian Infrastructure Investment Bank to Support Kazakhstan’s Sustainable Infrastructure Projects Astana Times
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Asian Infrastructure Investment Bank Affirms Commitment to Sustainable Infrastructure Development in Kazakhstan
Meeting with Deputy Prime Minister and Minister of National Economy
The Asian Infrastructure Investment Bank (AIIB) has reaffirmed its commitment to expanding and strengthening cooperation with Kazakhstan in order to promote sustainable infrastructure development. This commitment was emphasized during a meeting between the AIIB Vice President Konstantin Limitovskiy and the Deputy Prime Minister and Minister of National Economy of Kazakhstan, Nurlan Baibazarov, on September 19 in Astana.
Minister of National Economy of Kazakhstan Nurlan Baibazarov with AIIB Vice President Konstantin Limitovskiy. Photo credit: primeminister.kz
Baibazarov, who also serves as the AIIB governor, signed a joint declaration with AIIB Vice President Konstantin Limitovskiy to develop a three-year investment plan. This plan will identify potential sectors and projects for financing, in line with the Sustainable Development Goals (SDGs).
During the meeting, Baibazarov expressed his appreciation for the prospects of further cooperation with the AIIB. He emphasized that Kazakhstan is entering a new investment cycle and has several major projects that are attractive for both international financial institutions and private investors.
The joint declaration between the AIIB and Kazakhstan highlights the importance of promoting green infrastructure, connectivity, and regional cooperation. It also emphasizes the need to advance technology-enabled infrastructure, mobilize private capital, and create an enabling environment for private sector participation.
Limitovskiy, recognizing Kazakhstan’s significant role as a founding member of the AIIB, expressed the bank’s commitment to contribute to the successful implementation of Kazakhstan’s national development plan until 2029. The AIIB also aims to support Kazakhstan’s decarbonization ambitions, with the goal of achieving net zero emissions by 2060.
SDGs, Targets, and Indicators
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SDG 9: Industry, Innovation, and Infrastructure
- Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure
- Indicator: The article mentions the commitment to promoting sustainable infrastructure development
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SDG 17: Partnerships for the Goals
- Target 17.16: Enhance the global partnership for sustainable development
- Indicator: The article mentions the commitment to expanding and strengthening cooperation with Kazakhstan
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SDG 11: Sustainable Cities and Communities
- Target 11.2: Provide access to safe, affordable, accessible, and sustainable transport systems
- Indicator: The article mentions the promotion of connectivity and regional cooperation
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SDG 7: Affordable and Clean Energy
- Target 7.2: Increase the share of renewable energy in the global energy mix
- Indicator: The article mentions the importance of advancing technology-enabled infrastructure and supporting decarbonization ambitions
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SDG 8: Decent Work and Economic Growth
- Target 8.1: Sustain per capita economic growth
- Indicator: The article mentions the investment cycle and major projects that are interesting for investment
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure | The commitment to promoting sustainable infrastructure development |
| SDG 17: Partnerships for the Goals | Target 17.16: Enhance the global partnership for sustainable development | The commitment to expanding and strengthening cooperation with Kazakhstan |
| SDG 11: Sustainable Cities and Communities | Target 11.2: Provide access to safe, affordable, accessible, and sustainable transport systems | The promotion of connectivity and regional cooperation |
| SDG 7: Affordable and Clean Energy | Target 7.2: Increase the share of renewable energy in the global energy mix | The importance of advancing technology-enabled infrastructure and supporting decarbonization ambitions |
| SDG 8: Decent Work and Economic Growth | Target 8.1: Sustain per capita economic growth | The investment cycle and major projects that are interesting for investment |
Source: astanatimes.com
