Kazakhstan receives first tranche for National Digital Investment Platform from the EDB
The Eurasian Development Bank (EDB) has allocated the first tranche for the establishment of the National Digital Investment Platform in Kazakhstan. The project is aimed at transforming processes associated with raising investments. The platform is expected to enhance transparency and the efficiency of interactions between investors and public agencies.
Once available, the platform is going to streamline integration between participants of the investment ecosystem and simplify interactions between government bodies, the quasi-state sector and investors. The project has been initiated within the digital agenda of EDB member states.
The initiative was first announced by Kazakhstan’s Ministry of Foreign Affairs in January. In July, the EDB signed an agreement with both the Investment Committee of the Foreign Ministry and National Information Technologies, JSC, marking the start of the platform’s development.
Currently, there are 755 projects registered with the platform, while its features are gradually being commissioned. The development of the platform is expected to be completed by August 2025.
So far, anyone interested in the initiative can propose a project designed to attract investment in Kazakhstan’s economy on the website of the National Digital Investment Platform.
The EDB is an international financial organization that conducts investment activities in Eurasia. The organization, with a registered capital of $7 billion, has operated for more than 18 years. Key areas of interest for the EDB include transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering.
In early April, the EDB Fund for Digital Initiatives, the UN International Telecommunication Union and National Information Technologies, JSC, planned to establish a platform for the development of e-government in Central Asia and the Caucasus called GovStack. The EDB has not revealed any further details of the project.
Early last year, the bank reported that the stakes of its members had changed. Russia’s stake decreased from 65.9% to 44.7%. As a result, Kazakhstan controls a 37.2% stake in the bank, Armenia – 4.2%, Kyrgyzstan – 4.2%, Belarus – 5.2% and Tajikistan – 4.2%.
