Limited access to medium-term credit has long been a key constraint in the development of Kazakhstan’s small and medium enterprises (SMEs), restraining their ability to exploit investment opportunities, increase employment, and contribute to sustainable growth. To help address this constraint, the Asian Development Bank (ADB), approved in September 2010 a multitranche financing facility (MFF)
In November 2008, the Asian Development Bank (ADB) approved a multitranche financing facility (MFF) of up to $700 million for the Central Asia Regional Economic Cooperation (CAREC)Transport Corridor I (Zhambyl Oblast Section) [Western Europe–Western People's Republic of China International Transit Corridor] Investment Program in Kazakhstan. The MFF was to improve a 301-kilometer (km) section o
In 2014, Kazakhstan experienced two external shocks that impacted economic growth, revenue performance, and the government’s ability to reduce the effects through countercyclical expenditures. The first comprised spillover effects from the economic slowdown and uncertain situation of the Russian Federation, which triggered a downward adjustment in the tenge exchange rate.
In 2006, the Asian Development Bank (ADB) approved a 10-year, $800 million multitranche financing facility (MFF) to support an investment program that aimed to assist Pakistan in overcoming the capacity constraints in its power transmission system.