Kazakhstan approves AIIB framework to raise $6 bln over five years

September 23, 2026 at 10:58 AM2 min

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Kazakhstan's Kurultai approved a framework partnership agreement with the Asian Infrastructure Investment Bank on September 23, 2026. Deputy Prime Minister Serik Zhumangarin said the agreement will allow Kazakhstan to attract about $6 billion in concessional financing over the first five years after ratification. The funds are earmarked for transport, energy, healthcare, and green finance projects.

Key Facts

Kazakhstan's Kurultai approved the framework partnership agreement with the Asian Infrastructure Investment Bank in two readings on September 23, 2026.
The agreement will allow Kazakhstan to attract about $6 billion in concessional financing over the first five years after ratification.
Kazakhstan's subscribed capital share in the AIIB is $730 million, of which 20% ($145 million) has been paid.
Seven AIIB projects worth $1.8 billion are currently being implemented in Kazakhstan.
AIIB loans have a repayment term of up to 35 years and interest rates ranging from 1% to 1.5%.

Agreement Approval

The Kurultai approved the law on ratification of the framework partnership agreement between the Government of Kazakhstan and the Asian Infrastructure Investment Bank in two readings on September 23, 2026. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin presented the agreement to the Kurultai. The agreement establishes norms different from national legislation for the application of bank policies and rules in implementing state-guaranteed loans and grant projects. The ratification is a standard procedure required for the agreement to enter into force.

Financing Terms

In the first five years after ratification, the framework agreement will allow Kazakhstan to attract about $6 billion in concessional financing for transport, energy, healthcare, and green finance. AIIB loans have a repayment term of up to 35 years and interest rates ranging from 1% to 1.5%. The bank charges a one-time fee of 0.25% for processing and 0.25% for the outstanding balance. Kazakhstan's subscribed capital share in the AIIB is $730 million, of which 20% ($145 million) has been paid.

Project Pipeline

Work will soon begin on financing several infrastructure projects, including the reconstruction of the Zhezkazgan-Karaganda, Aktobe-Karabutak-Ulgaysyn, Atyrau-Dossor, and Moyynty-Kyzylzhar roads and railways. Seven AIIB projects worth $1.8 billion are currently being implemented in Kazakhstan in energy, healthcare, and economic and fiscal sustainability. Three of these projects relate to fiscalization for inclusive sustainable economic growth and the construction of a multidisciplinary hospital in Kokshetau.