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- Operations
- Wheat Exports Financing Project
Wheat Exports Financing Project
Kazakhstan
| Borrower | Corporation AIC Invest (CAICI) |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Trade |
| Focus Area | Agriculture |
| Approved | 01.07.2013 |
| Signed | 31.07.2013 |
| Status | Completed |
| Loan Administrator | ITFC |
| Co-financiers | ITFC |
| OPEC Fund Contribution (US$m) | 35.00 |
Kazakhstan is a main exporter of cereals (mainly wheat) and plays an important role in the food security of the sub-region. The bulk of cereals are traditionally exported to Afghanistan, Iran and Turkey, as well as to countries in Central Asia that have food deficits, such as Azerbaijan, Kyrgyzstan, Tajikistan and Uzbekistan.Through this transaction OFID is assisting AIC Invest in procuring surplus production of wheat and its subsequent sale to the export market.