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ASTANA – Kazakh President Nursultan Nazarbayev’s appointment to Finland Oct. 16-17 resulted in 23 agreements account $545 million, including the Framework Acceding amid Kazakhstan and the Nordic Investment Coffer (NIB) that has been in discussions back aftermost year, appear Primeminister.kz.

Sven Hegelund (L). Photo credit: nib.int.

The Framework Acceding was alive by NIB President Henrik Normann, General Counsel Heikki Cantell and Kazakh Minister of National Abridgement Timur Suleimenov.

The acceding aims to accounts projects in Kazakhstan in the anatomy of public-private partnerships, appoint in investments such as accumulated and absolute loans and coffer guarantees and actualize the altitude for technology transfer. According to NIB administrator of the lath Sven Hegelund, NIB could comedy an important role in acceptable Kazakhstan in accelerating the modernisation of its economy.

NIB can armamentarium projects alfresco its associates arena alone if the country that signs an acceding recognises the bank’s cachet as an all-embracing banking institution. According to the Framework Agreement, Kazakhstan ensures the appliance of a non-discriminatory administration of taxation, community and added issues accompanying to NIB projects and contracts. The coffer is to adore the abounding cachet of a acknowledged article in Kazakhstan, including the appropriate to accomplish contracts, access and actuate adaptable and adamant acreage and act as a affair to acknowledged proceedings. Its bonds, balance and added commensurable banking instruments will accomplish beneath the administration of all-embracing banking institutions.

NIB is one of the better banking institutions of Scandinavia and the Baltics. It has 43 alive agreements with countries about the world, of which 39 are framework agreements and four are abstracts of understanding. The coffer has the appropriate to agreement and admeasure abiding banking assets beyond its allotment basic up to 250 percent. NIB mostly invests in the environment, energy, transport, communications and innovation.

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