Shorouk Express 
BAKU, Azerbaijan, May 30. The European
Investment Bank (EIB) is enhancing climate partnership with
Kazakhstan, said Vice President of the EIB Kyriacos Kakouris,
Trend
reports.
Speaking at a panel discussion on “The Innovation Challenge:
Making Climate Action Work For All” at the Astana International
Forum 2025, the vice president noted that the visit to Astana
underlines the seriousness of the EIB’s attitude to sustainability
and partnership.
“We are present in Astana today, and this is proof that we
recognize partnership, where everyone wins. We are saying that
sustainability is very important,” Kakouris mentioned.
According to him, the EIB is actively involved in the
development of projects aimed at a sustainable future in Central
Asia, and in particular in Kazakhstan.
“I will give you a specific example, starting with Kazakhstan.
In March in Astana, we announced a special project with the
Development Bank of Kazakhstan to support transport infrastructure
and sustainable energy. This initiative leads to the country’s
energy diversification, that is, a gradual reduction in dependence
on fossil fuels – in the direction of renewable resources,” he
explained.
Kakouris elucidated that the pivotal domains of engagement with
Kazakhstan encompass the enhancement of infrastructural frameworks
and the deployment of sustainable energy paradigms.
“We must implement climate projects, but of course we need to
provide access to financing. We see that the Central Asian region,
the Caucasus region, and all other countries must use all
opportunities to develop this area, using renewable energy projects
in particular,” he also said.
He believes that Kazakhstan is already on the right track, with
the backing of the EIB and the EU, to turn over a new leaf towards
a sustainable development model.
“We must upgrade the infrastructure, and we see that today the
infrastructure is improving, the number of renewable energy
projects is increasing,” Kakouris emphasized.
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