Parliament adopted in the second reading the law "On ratification of the loan agreement between the Republic of Kazakhstan and the Asian Development Bank." This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
The agreement was signed on September 11, 2026. According to the parliament's statement, the agreement provides for borrowing 3.4 billion Chinese yuan (227.4 billion tenge) from the Asian Development Bank.
The loan repayment period is 15 years, including a three-year grace period. The interest rate is 1.69%, and a commission of 0.15% per annum is paid on undisbursed funds.
The loan funds will be used primarily to finance expenditures in the social sector, transport infrastructure, industry, education and other priority areas.