Senate deputies have adopted a law ratifying the Framework Agreement between the Republic of Kazakhstan and the Nordic Investment Bank.
This agreement was signed in Helsinki on October 16, 2018. Introducing the bill, National Economy Minister Ruslan Dalenov noted that the Agreement allows opening the activities of the Northern Investment Bank to finance investment projects in the Republic of Kazakhstan.
Located in Helsinki, Finland, the Nordic Investment Bank (NIB) is an International Financial Institution. The Bank was established by the five Nordic countries in 1975 to overcome investment barriers and attract commercial lending. In 2005, the three Baltic countries joined NIB on equal footing with the original members.
Dalenov added that the main areas of financing of the Nordic Investment Bank are energy, the green economy, telecommunications, transport, various industries, agriculture, healthcare, small and medium-sized businesses.
