Central Asia

EIB Global – the European Investment Bank’s global arm – and the European Commission have signed a financial package worth almost €60 million with SES, a Europe-based provider of satellite-enabled content and connectivity solutions.This initiative aims to deliver satellite connectivity to remote rural areas in Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan.

EIB Global – the European Investment Bank’s global arm – has signed a €200 million loan agreement with the Development Bank of Kazakhstan (DBK). This financing will support investments made by public and private entities in sustainable transport infrastructure – including the Trans-Caspian Transport Corridor – and in projects focused on diversifying renewable energy sources, as well as other climate-related initiatives.

EIB Global has signed its largest ever financing agreement for investment in Mongolia. It will support a pioneering initiative to address the degradation and overgrazing of grasslands across Mongolia by backing investment in climate-resilient and low-carbon cities and local agribusiness. The scheme will help to better protect fragile grasslands threatened by unsustainable livestock overgrazing, more frequent extreme weather and less frequent rains, and an average temperature increase of 2.1°C over the past 70 years.