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The OPEC Fund
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  2. Wheat Exports Financing Project

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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.

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