The volume of mutual investments between Azerbaijan and Kazakhstan for the first half of 2024 amounted to 65 million US dollars, and the number of mutual investment projects was 5.
As Day.Az reports, according to the Eurasian Development Bank (EDB), of the above amount, eight million dollars (two projects) are Kazakh investments in Azerbaijan, and 57 million dollars (three projects) are Azerbaijani investments in Kazakhstan.
It should be noted that the EDB is a multilateral development bank with an authorized capital of seven billion dollars, designed to promote the economic growth of member states, the expansion of trade and economic ties between them and the development of integration processes in the Eurasian space through investment activities.
The main source of financing for the EDB’s lending and investment activities are long-term borrowings raised on capital markets and the bank’s own funds.