Kazakhstan will take two loans from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB). The corresponding draft law has already been taken into consideration by the Mazhilis, the lower house of Kazakhstan’s parliament.
The AIIB is going to provide Kazakhstan with a 52.7-billion-yen (about $340 million) loan with a 15-year maturity, including a grace period until June 1, 2027. In turn, the ADB has also approved a 52.3-billion-yen ($337 million) loan on the same terms. Both loan agreements were signed in Astana on Aug. 21 and Aug. 23, respectively. The interest rate for the loans remains...