System platform for strategic partnership
Chairman of the Management Board of the Export Credit Agency of Kazakhstan Allen Chaizhunusov and Chairman of the Management Board of the Development Bank of Kazakhstan Marat Yelibayev signed trilateral memorandums of cooperation in Tashkent with strategic financial institutions of Uzbekistan. The new documents define strategic priorities for expanding economic integration in Central Asia and scaling Kazakhstan’s achievements in supporting the non-resource sector.
Allen Chaizhunusov and Marat Yelibayev held discussions with the management of Uzpromstroybank, Tenge Bank, Kapitalbank, and Orient Finans Bank on further development of successful instruments for trade finance, interbank financing, and structured finance.
Today, Uzbekistan remains one of Kazakhstan’s key trade and economic partners. At the end of 2025, the Export Credit Agency supported Kazakh exporters working with Uzbek partners in the total amount of USD 300 million. This positive momentum has continued in 2026, with support volumes already reaching USD 26 million since the beginning of the year.
The Agency is successfully cooperating with six major banks in Uzbekistan and contributes to the sustainability of cross-border trade. The total established limit for partner financial institutions in Uzbekistan amounts to approximately USD 140 million. With ECA support, Kazakh exporters operating in the Uzbek market implemented around 100 contracts in 2025 across sectors such as food processing, agribusiness, metallurgy, construction, and chemicals.
Chairman of the Management Board of the Export Credit Agency Allen Chaizhunusov emphasized Kazakhstan’s readiness to further expand and scale the export support system in priority markets.
“We are ready to offer competitive terms and take a flexible approach to structuring transactions, taking into account the specifics of projects and markets, thereby ensuring the sustainable development of export operations,” he said.
Operating within the unified financial framework of the Baiterek Holding, the Export Credit Agency and the Development Bank of Kazakhstan provide comprehensive support to exporters — from insurance and strengthening collateral at the investment stage to implementing trade finance, pre-export financing instruments, and export contract insurance at the operational stage.
To systematically scale the partnership, it was proposed to focus on the phased utilization and increase of limits for partner banks, the introduction of inward reinsurance mechanisms to expand financing capacity, and the diversification of the non-resource export structure.
Particular attention was given to supporting Kazakh companies already operating in the Uzbek market, including BI Group, RG Brands, and others.
During the visit to Uzbekistan, the parties also discussed promising areas for expanding the participation of the Development Bank of Kazakhstan in supporting export operations in synergy with the Export Credit Agency. A systematic approach to economic cooperation is shaping a comprehensive model of state support in which development institutions operate as a unified financial framework, ensure risk mitigation, and expand access to financing for participants in foreign economic activity.
The transition from individual transactions to a systemic platform creates a foundation for the long-term and sustainable presence of Kazakh companies in the Uzbek market and in international markets as a whole.
Source: https://liter.kz/sistemnaia-platforma-dlia-strategicheskogo-partnerstva-1776875438/
