IDB launches renewable energy fund

The Islamic Development Bank (IDB) is looking for new investments for farming projects in Kazakhstan through its $600 million agribusiness fund. Gulf countries offer capital but they do not have agricultural resources, while there are countries like Kazakhstan, which - on the contrary - have the resources but not the capital, said the chief executive of IDB. There are also opportunities in the sector of renewable energy, which is why IDB considers new investments into solar and wind projects that is not paid enough attention to.

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