The Asian Infrastructure Investment Bank (AIIB) and the Government of Kazakhstan have signed a Partnership Framework Agreement (PFA) that provides the legal and operational framework to enable AIIB to finance sovereign-backed projects in the country.
The Agreement was signed by H.E. Serik Zhumangarin, AIIB Governor and Deputy Prime Minister and Minister of National Economy of Kazakhstan, and Konstantin Limitovskiy, AIIB’s Chief Investment Officer, Public Sector (Region 2) & Project and Corporate Finance (Global) Clients. The exchange ceremony was witnessed by Olzhas Bektenov, Prime Minister of Kazakhstan, and AIIB President Zou Jiayi.
The PFA supports structured engagement aligned with Kazakhstan’s national development priorities and provides a clear basis for preparing and delivering AIIB-financed projects.
“The PFA is a major step forward in expanding our cooperation and enabling high-quality, sustainable infrastructure investment across Kazakhstan. Establishing a clear and predictable framework for cooperation is essential for delivering complex, long-term infrastructure programs,” said Konstantin Limitovskiy, Chief Investment Officer, Public Sector (Region 2) & Project and Corporate Finance Clients (Global), AIIB. “We look forward to deepening our collaboration in line with Kazakhstan’s priorities.”
The Partnership Framework Agreement complements the jointly developed USD6 billion Multi-Year Rolling Pipeline (MYRP) for 2025–2029, a strategic planning framework that identifies priority investments in transport connectivity, the green energy transition, healthcare and climate resilience.
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 111 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
