Middle East Economic Survey

VOL. LI

No 50

15-Dec-2008

CASPIAN

EBRD Lends Kazakhstan $75Mn For Energy Efficient Projects

The European Bank for Reconstruction and Development (EBRD) announced on 10 December that it would open a $75mn credit line to Kazakhstan for energy efficiency projects. Olivier Descamps, EBRD Business Group Director for Central Asia, said that Kazakh companies have been finding it difficult to finance new deals, despite an expected infusion of $4bn of state funds into the country...