In Short : The Asian Development Bank has announced up to $5.4 billion in planned financing for Kazakhstan between 2026 and 2029. The commitment, shared by ADB President Masato Kanda during discussions with President Kassym-Jomart Tokayev, will focus on infrastructure, regional connectivity, resilience, and economic diversification, strengthening the country’s long-term sustainable development strategy.
In Detail : ASTANA, KAZAKHSTAN — Asian Development Bank (ADB) President Masato Kanda met today with President of Kazakhstan Kassym-Jomart Tokayev to reaffirm ADB’s strong partnership with the country and announced up to $5.4 billion in indicative financing during 2026–2029 in support of Kazakhstan’s development agenda.
“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.”
Mr. Kanda commended Kazakhstan’s ongoing structural reforms to strengthen public finance and attract investment. The financing plan was outlined in a memorandum of understanding signed during the visit, which covers promoting regional cooperation, building resilience to natural hazards, and addressing regional disparities. Mr. Kanda witnessed the signing of a $377 million equivalent loan agreement for the Saryagash Bypass Project, which will strengthen Kazakhstan’s trade and transport links across the region.
Mr. Kanda also met with Prime Minister Olzhas Bektenov and Deputy Prime Minister – Minister of National Economy and ADB Governor Serik Zhumangarin. Discussions focused on ADB’s support for infrastructure modernization, private sector development and public–private partnerships, and emerging opportunities to work together in digital transformation and the critical minerals sector.
Kazakhstan joined ADB in 1994, and the bank has since committed $7.7 billion in loans, grants, and technical assistance to support the country’s development across key sectors, including public sector management, transport, finance, and energy.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
