Chairman of the Management Board of Development Bank of Kazakhstan JSC (a subsidiary of Baiterek Holding, hereinafter – DBK, the Bank) Marat Yelibaev and Deputy Chairman of the Management Board of DBK Botagoz Abisheva took part in the international forum Astana Finance Days 2025.
During the panel discussion “De-risking Green Investments: Practical Tools for Emerging Economies”, DBK Chairman of the Management Board Marat Yelibaev outlined the Bank’s approaches to financing green projects and managing related risks.
– “The mission of the DBK is to promote the sustainable development of the non-resource sector of the economy. One of its strategic goals and objectives is to integrate ESG principles into the Bank's operations and those of its borrowers, as well as to increase the share of green/sustainable projects in the Bank's portfolio,” emphasized Marat Yelibaev.
Since last year, DBK has been a member of the Green Investment Principles for Belt and Road in Central Asia and of the UN Global Compact, reaffirming its commitment to the global goals of sustainable development and responsible investment in green projects.
The session highlighted that, as a national development institution, DBK plays the role of a catalyst in long-term project financing and has extensive experience in assessing and supporting renewable energy projects. To date, DBK has financed renewable energy facilities with a total capacity of about 751.8 MW, which accounts for nearly 24% of the total installed capacity of commissioned renewable projects in Kazakhstan.
Among the Bank’s key projects are the modernization of Almaty CHPP-2 and CHPP-3 with a transition to gas, projects for processing tailings, integration of the Western Kazakhstan power grid into the Unified Power System, as well as projects on gasification and associated gas utilization.
В рамках панельной дискуссии «Формирование финансовой архитектуры «Пояса и пути»» заместитель Председателя Правления БРК Ботагоз Абишева представила опыт Банка Развития Казахстана по укреплению финансового сотрудничества с ведущими китайскими институтами развития.
During the panel discussion “Shaping the Future of Belt and Road Finance”, DBK Deputy Chairman of the Management Board Botagoz Abisheva presented the Bank’s experience in strengthening financial cooperation with leading Chinese development institutions.
“The Development Bank of Kazakhstan has been building financial bridges with China for almost two decades, and much of this started within the Shanghai Cooperation Organization Interbank Consortium. DBK was a founding member back in 2005, and through this platform we developed close partnerships with leading Chinese financial institutions that continue to shape our project pipeline today,” noted Botagoz Abisheva.
It was underlined that DBK’s partnership with leading Chinese financial institutions – including China Development Bank, China EXIM Bank, Sinosure, and China Construction Bank – has enabled the implementation of large-scale infrastructure, industrial, and energy projects in Kazakhstan.
A landmark event this year was DBK’s issuance of the first-ever yuan-denominated Eurobonds in Central Asia in the amount of CNY 2 billion. The strong demand from Chinese investors – including major sovereign and pension funds, financial institutions, and portfolio managers – for DBK’s instruments confirmed the market’s readiness to support Belt and Road projects in Chinese currency.
Leveraging its long-standing experience of cooperation with international financial institutions and innovative financing tools, DBK continues to act as a key catalyst for sustainable development and the implementation of large-scale industrial, infrastructure, and green projects not only in Kazakhstan but across Central Asia.
