ASTANA, Kazakhstan, May 23. Kazakhstan and the
World Bank plan to draft a comprehensive joint action plan by
October 2026 to launch a new national investment cycle, mobilize
long-term private capital, and implement deep structural economic
reforms, Trend
reports via the Kazakh government.
The strategy was formalized during a working meeting between
Kazakhstan’s Deputy Prime Minister and Minister of National Economy
Serik Zhumangarin, World Bank Country Manager for Kazakhstan Andrei
Mikhnev, and international experts from the organization.
Under the upcoming roadmap, the Ministry of National Economy
and the Agency for Strategic Planning and Reforms (ASPR) plan to
establish a joint working group to transition the bank's analytical
recommendations into practical economic tools. The state plans to
leverage the World Bank’s "3I" model—focusing on investments,
implementation, and innovation—to drive technological
modernization, boost small and medium enterprise (SME)
productivity, and increase household incomes.
Furthermore, the joint task force plans to integrate regional
inputs from local executive bodies to ensure the upcoming
structural reforms align with the specific economic conditions of
each province. The final action plan will target the expansion of
efficient business support mechanisms, such as the Damu Fund's
partial credit guarantee programs, and utilize Kazakhstan's digital
public infrastructure to optimize proactive social assistance
delivery.
