Almaty City Access to Long-Term Commercial Finance

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In order to open the market for long-term non-sovereign commercial financing for Kazakhstan's municipalities, the Almaty City MFD project encompasses activities on three mutually supportive levels, including engagements with the central government to advance regulatory reform to open the market for long-term commercial financing to municipalities, and parallel support to assist the city in the general strategic planning of its infrastructure assets and targeted advice to develop a priority project. By offering this comprehensive suite of advisory solutions and engaging as independent advisor, IFC ensures that projects are developed according to international best practice and are therefore bankable for commercial financing. IFC will also support the city in maximizing the development impacts of the supported projects, e.g. by providing business planning and governance support for municipal companies and promoting sector reforms at the municipal level.