ASTANA, Kazakhstan, March 4. Kazakhstan’s
Mazhilis (lower house of the parliament) has ratified the Framework
Partnership Agreement between the Government of Kazakhstan and the
International Bank for Reconstruction and Development, the
International Finance Corporation, and the Multilateral Investment
Guarantee Agency, which are a part of the World Bank Group, aimed
at expanding cooperation to support the country’s sustainable
development and economic growth, Trend reports via the Mazhilis.
The document establishes a legal framework and outlines key
principles of engagement with organizations that are part of the
World Bank Group. It also defines priority areas for joint
activities focused on advancing Kazakhstan’s strategic reforms.
The main objectives of the agreement include enhancing
macroeconomic and fiscal sustainability, strengthening the
resilience of the financial sector, modernizing infrastructure, and
supporting the development of the agricultural sector. Other key
priorities involve improving access to finance for small and
medium-sized enterprises and increasing investment in
infrastructure and social sectors, including healthcare and
education.
The ratification of the agreement is expected to reinforce
Kazakhstan’s international standing as a reliable partner, broaden
cooperation with leading global financial institutions, and boost
foreign investor confidence. In turn, this will open the door to
extra funding and cutting-edge technologies for rolling out
socio-economic and infrastructure projects nationwide.
The World Bank is currently preparing a new Country Partnership
Framework (CPF) for Kazakhstan for 2026-2031. The framework is a
strategic document that defines priority areas for support and will
guide cooperation between the World Bank Group and the Government
of Kazakhstan. It is aimed at implementing key government projects
and policy reforms to reduce poverty and promote shared prosperity
using a full range of financial and analytical instruments,
including investment financing, reform-linked budget support,
guarantees, and technical advisory services.
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