OPIC CEO and Kazakh Invest Sign Memorandum of Cooperation Supporting up to $500 Million in Investment

January 17, 2018

(OPIC) Washington, D.C. – Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, President and Chief Executive Officer Ray W. Washburne today signed a Memorandum of Cooperation with Kazakh Invest Chairman Saparbek Tuyakbayev to help support U.S. investment in Kazakhstan and improve collaboration between the countries.

“This agreement will allow us to coordinate closely and facilitate more investment opportunities in the country while strengthening the continued work between the U.S. and Kazakhstan,” Mr. Washburne said. “We are proud of our relationship with Kazakhstan and look forward to catalyzing investments and development together.”

Specifically, the agreement seeks to facilitate up to $500 million in Kazakhstan by strengthening communication, coordination, and relationships to help catalyze economic growth, development, and investment.

Earlier in the day, Mr. Washburne met with Kazakh Prime Minister Bakytzhan Sagintayev where the two discussed the country’s business environment. Last summer, Mr. Washburne visited Kazakhstan as part of a delegation led by U.S. Deputy Secretary of Energy Dan Brouillette.

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