Project Description
The EBRD is supporting the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market with an initiative to promote the sale and transfer of NPLs in Kazakhstan to private investors. Assistance provided includes: (i) identifying the right model for the sale and transfer of NPLs to private investors; (ii) specific recommendations for action by the authorities to facilitate the NPL market and (iii) relevant legislative amendments.
The Project is led by the EBRD’s Legal Transition Team (“LTT”), with the support of the EBRD Financial Institutions group and resident office in Almaty. The Project delivered in Phase 1, which was completed in July 2021, a comprehensive legal, tax, accounting and regulatory analysis of the NPL framework. The main recommendations from Phase 1 are now being implemented as part of Phase 2: legislative amendments.
Beneficiary
Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market and the National Bank of Kazakhstan
Total Project Cost
EUR 300,000 (Phases 1 and 2)
Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.
Understanding Transition
Further information regarding the EBRD’s approach to measuring transition impact is available here.
Business opportunities
For business opportunities or procurement, contact the client company.
For business opportunities with EBRD (not related to procurement) contact:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
For state-sector projects, visit EBRD Procurement:
Tel: +44 20 7338 6794
Email: procurement@ebrd.com
Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Access to Information Policy (AIP)
The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.
