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EBRD facilitates import of equipment for turkey meat production from Israel to Kazakhstan

In November 2009, the European Bank for Reconstruction and Development (EBRD) issued a guarantee through its Trade Facilitation Programme (TFP) for the purpose of importing machinery and equipment for turkey meat production. This guarantee was covered by a €5 million letter of credit issued by Kazkommertsbank, Almaty in Kazakstan and confirmed by Bank Hapoalim, Tel Aviv in Israel.

This transaction is part of a larger deal to facilitate the import of agricultural equipment from Israel to Kazakhstan. The main parties to the transaction are the exporter, M.A.D Developing Agricultural Projects (2003) Ltd., an Israeli company specialising in developing farming operations and the importer, Ordabasay Kus located in Kazakhstan who will act as a lessee by leasing the equipment and machinery for turkey meat production from KazAgroFinance.

http://www.ebrd.com/new/pressrel/2009/091210.htm

 

 


 

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