President of Kazakhstan Kassym-Jomart Tokayev met with World Bank Group President Ajay Banga
December 3, 2024
Riyadh, Saudi Arabia
On the sidelines of the One Water Summit, President Kassym-Jomart Tokayev met with World Bank Group President Ajay Banga.
The head of state noted the importance of Kazakhstan’s strategic partnership with the World Bank. According to him, five large projects with a total budget of $3.5 billion are being jointly implemented today in the areas of water resources, transport and education.
The President also welcomed the World Bank’s financing of the Kazakhstan project in the amount of $650 million within the framework of the Transport Resilience and Connectivity Enhancement (TRACE) program.
In this context, the strategic role of investments for the development of the Middle Corridor, in particular, for the repair of the Zhezkazgan-Karaganda highway, was emphasized. In turn, Ajay Banga highly appreciated the level of interaction between the World Bank and Kazakhstan and confirmed his readiness to further expand cooperation. In particular, interest was expressed in implementing large joint projects in various sectors of the economy.
In order to intensify the dialogue and determine long-term prospects for joint activities, Kassym-Jomart Tokayev invited the head of the World Bank to visit Kazakhstan.