Kazakh President and ADB CEO discuss key areas of cooperation

"The meeting focused on the key areas of cooperation, including infrastructure development, further reform of the financial and banking sectors and provision the necessary support to small and medium enterprises", the press -service of Akorda informs. Both sides also exchanged views on ways of global financial system's further development. Kazakhstan's President expressed satisfaction with the upcoming 47th meeting of the Board of Governors of the Asian Development Bank which is to be held in Astana. "We are honored to preside over the Council in 2014. This year marks 20 years of cooperation between our country and the Asian Development Bank. At present, we have started the implementation of "Kazakhstan- 2050" Strategy and we want to open a new page of interaction with your bank", he said. In turn, the head of the Asian Development Bank thanked for the decision to hold the forum in Astana and noted that the event will be attended by more than 3,000 delegates from all over Asia. T.Nakao also noted that since the beginning of its operation in Kazakhstan, ADB has provided financial support and assistance in the total amount of USD 3.5 billion. Asian Development Bank's President expressed readiness to assist in the implementation of "Kazakhstan -2050" Strategy, in particular, in such areas as energy, industrialization, development of the financial sector as well as small and medium businesses.