ADB, KazAgro Sign MOU to Promote Agriculture Investments in Kazakhstan

“Investments to develop the agriculture sector and agribusinesses, bringing in innovation and best international practice, are vital in diversifying Kazakhstan’s economy, reducing inequalities, and mitigating the effects of climate change,” said Mr. Capannelli. “ADB’s partnership with Kazagro demonstrates our strategic commitment to closely work with Kazakhstan prime institutions to strengthen the agriculture sector. We’ll be active in areas such as irrigation, food security, agribusiness, and agriculture value chains.”

“The agribusiness complex contributes to the development of Kazakhstan’s agriculture sector through lending and investment, with $1.44 billion in total financing in 2016,” said Mr. Malelov. “We want to build on this positive momentum with the timely partnership with and commitment of ADB to help the growth and development of Kazakhstan’s agriculture sector and agribusiness players.”

Photo: Nurlybek Malelov, Chairman of KazAgro’s Executive Board, Giovanni Capannelli, ADB Country Director for Kazakhstan, and Akmal Siddiq, Director of ADB's CWER during the signing. (credit: ADB)

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Ag Sustainability And Innovation
Ag Sustainability And Innovation