The European Union continues to deliver on recent policy announcements to boost the business climate in Kazakhstan. As an example, the European Investment Bank (EIB) agreed to provide a new $30 million in cross border financing to KMF LLC (KMF), a leading Kazakh financial institution, after having been approached by KMF’s advisor, Emerging Markets Global Advisory Limited (EMGA), the emerging market focused, niche investment bank.
Commenting on the transaction, Shalkar Zhussupov, Сhairman of the Board of KMF said, “EMGA has again successfully secured foreign financing from a leading financial institution allowing us to deliver on our stated mission; encourage welfare growth of micro, small and agribusiness representatives by providing access to quality microfinance services.”
EMGA’s Senior Advisor and Investment Banking co-head Paul Dixon said, “It was a pleasure to again communicate KMF’s vision about supporting business within Kazakhstan and successfully complete this funding solution with the EIB.”
EMGA’s Managing Director Jeremy Dobson added, “Key to this transaction has been KMF’s strong management and solid financial position; both were major factors that enabled Paul and EMGA’s Investment Banking team to complete this financing in tandem with the deep institutional framework and financial capacity that the EIB represent.”
