Export financing discussed in Astana
Export Credit Agency of Kazakhstan participated in a seminar on export financing, organized by the Development Bank of Kazakhstan, alongside the Franco-German bank ODDO BHF and the Austrian Export Credit Agency OeKB.
The seminar focused on the impact of geopolitical shifts on global trade, with a special emphasis on export financing mechanisms. Case studies of successful projects were shared to illustrate these mechanisms in action.
Madina Yerzhanova, Deputy Chairman of the Board of Export Credit Agency of Kazakhstan, highlighted the agency’s progress and its partnerships with international stakeholders.
"The European Union, particularly Germany and Austria, remains one of our most important markets. A quarter of our insurance portfolio is dedicated to fostering cooperation with European partners. Last year, with our support, Kazakhstani exporters secured contracts worth €280 million with European companies, with 30% of that total in Germany. We are fully prepared to support domestic exporters involved in European ventures, as well as to investors focused on export-driven Kazakhstani projects," Madina Yerzhanova stated.
Events like this play a crucial role in strengthening Kazakhstan’s export potential. The exchange of expertise and best practices with international experts expands the reach of Kazakhstani goods and enhances their competitiveness in the global market.
Earlier this year, during German Chancellor Olaf Scholz's official visit to Astana, Export Credit Agency of Kazakhstan signed a Memorandum of Cooperation with leading German financial institutions, including Deutsche Bank and Helaba Bank. These agreements result in favorable terms in export lending and trade financing, enabling Kazakhstani companies to acquire cutting-edge German technology and equipment, boosting their global competitiveness.
