Prospects of coop between Kazakhstan and EIF discussed in Luxembourg
The European Investment Fund (EIF) is the European Union body specialized in small and medium-sized enterprise risk financing. EIF indirectly supports small and medium-sized enterprises by means of equity (venture capital and private equity) and guarantee instruments. Over 320 funds operate in Europe and EIF plays one of the leading roles, actively and successfully interacts in EU countries including the regional funds of Great Britain, Spain, Germany as well as other countries as Egypt and Turkey.
In the context of enlargement of interaction of EIF with Central Asian Region Y. Utembayev emphasized the perceptiveness for the development of cooperation with Kazakhstan especially mutually-beneficial partnership with the Kazakh national funds on implementation of joint projects in energy, modern industrial-innovative and environmental technology as well as research activity both on the territory of Kazakhstan and European zone.
M. Shublin confirmed the interest in development of relations in this field pointing out the importance of interaction of EIF with Kazakh Funds in different projects. He stood for the participation in management of security assets of Kazakhstan in Europe, co-financing of Kazakhstani investments to EU countries.
In addition, Y. Utembayev met with representatives of the European Investment Bank where he discussed further steps of bilateral partnership and participation of EIB in investment projects in Kazakhstan under the Framework Agreement on Cooperation between Kazakhstan and EIB.
In the course of the meeting of Y. Utembayev with Director of International Programs of the Agency for Transfer of Financial Technologies of Luxembourg P. Vallerand the sides exchanged views on interaction between Kazakhstan and Luxembourg in the field of banking and financial services.