The Asian Development Bank (ADB) has revealed plans to provide up to $5.4 billion in financing to Kazakhstan over the next four years. ADB President Masato Kanda met with President Kassym-Jomart Tokayev in Astana on 2 March to reaffirm the strong ties between the bank and the country. This indicative funding for 2026–2029 is designed to support the national development agenda and promote inclusive economic growth.
“ADB is committed to supporting Kazakhstan’s development priorities that promote sustainable, inclusive economic growth,” said Mr. Kanda. “Through our cooperation with the government and the private sector, we will support priority investments that advance our shared development goals and deliver lasting benefits for the people of Kazakhstan.”
During the visit, a memorandum of understanding was signed to outline the focus of the new financing. Key areas include building resilience to natural hazards, addressing regional disparities and encouraging regional cooperation. Mr. Kanda also oversaw the signing of a $377 million loan for the Saryagash Bypass Project. This specific investment is intended to improve transport and trade links across the region.
The ADB President also held talks with Prime Minister Olzhas Bektenov and Deputy Prime Minister Serik Zhumangarin. These discussions looked at infrastructure modernisation and the private sector. Both parties explored new ways to collaborate on digital transformation and the development of the critical minerals sector. Mr. Kanda praised the country for its structural reforms aimed at improving public finance and attracting new investment.
Kazakhstan has been a member of the ADB since 1994. In that time, the bank has committed $7.7 billion through loans, technical assistance and grants. These funds have historically targeted transport, finance, energy and public sector management. The latest announcement confirms that the lender will remain a primary partner for the country as it seeks to modernise its economy.
