As stated by the AIIB, the Program's objective is to help the Government of Kazakhstan address the country's heightened macroeconomic and financial vulnerabilities through reforms in fiscal management and in the financial sector.
The Program is proposed to be supported under the COVID-19 Crisis Recovery Facility of the Bank and co-financed with the Asian Development Bank (ADB) under the ADB's Policy on Policy-based Lending.
The proposed Program will provide budget support to help the Government of Kazakhstan (GoK) implement critical reforms to accelerate economic recovery from the COVID-19 pandemic. The Program supports reforms in areas of 1) fiscal sustainability, transparency, and governance and 2) banking and capital market development. It aligns with the priorities of the GoK and aims to assist in addressing its heightened macroeconomic and financial vulnerability to external shocks.
AIIB Team Leader:
Emil Zalinyan - Infrastructure Sector Economist
ADB Team Leader:
João Pedro Farinha Fernandes - Principal Financial Sector Economist
Borrower and Implementing Agency - Ministry of Finance:
Yerulan Zhamaubayev - Minister of Finance
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html