Multi-dimensional Review of Kazakhstan Volume 2. In-depth Analysis and Recommendations

Kazakhstan has embarked upon an ambitious reform agenda to realise its aspiration of becoming one of the top 30 global economies by 2050. The country’s economy and society have undergone deep transformations since independence. To sustain economic progress, overcome recent difficulties, and drive improvements in well-being to realise its aspirations, Kazakhstan will need to address a number of challenges to ensure its economy becomes more productive and diverse, and is sufficiently flexible and resilient in the face of an ever-shifting external environment. This next stage of economic transformation will require continuing reforms. This report discusses policy actions to address four key obstacles to development in Kazakhstan, identified in Volume 1 of this review. It presents in-depth analysis and recommendations to improve the economy’s resilience through diversification, to mobilise financing for development, to transform the role of the state in the economy, including through privatisation, and to improve the effectiveness of environmental regulations.

Read the Brochure in Russian: Комплексный страновой обзор Казахстана - ЧАСТЬ II. УГЛУБЛЕННЫЙ АНАЛИЗ И РЕКОМЕНДАЦИИ

Read the Media NoteProgressively changing the State’s involvement in the economy is key to meeting Kazakhstan’s goal of reaching OECD income levels by 2050

Read the Executive Summary

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Chapter 1. Overview: Overcoming constraints to fulfilling Kazakhstan's development vision
Chapter 2. Diversification and resilience in Kazakhstan
Chapter 3. Mobilising financing to transform Kazakhstan's economy
Chapter 4. Privatisation and the role of the state in the economy of Kazakhstan
Chapter 5. Towards better environmental regulations in Kazakhstan

Multi-dimensional Review of Kazakhstan - Vol. 1 - Initial Assessment

Kazakhstan’s economy and society have undergone deep transformations since the country declared independence in 1991. Kazakhstan’s growth performance since 2000 has been impressive, averaging almost 8% per annum in real terms and leading to job creation and progress in the well-being of its citizens. Extractive industries play an important role in the dynamism of the economy, but sources of growth beyond natural resource sectors remain underexploited. In the social arena, dimensions of well-being beyond incomes and jobs have not kept pace with economic growth.
Kazakhstan has set itself the goal of becoming one of the 30 most developed countries in the world by 2050. To sustain rapid, inclusive and sustainable growth and social progress, Kazakhstan will need to overcome a number of significant challenges. Natural-resource dependency, the concentration of economic clout and a fragile and underdeveloped financial sector limit diversification and economic dynamism. Widespread corruption still affects multiple state functions, undermines the business environment, meritocracy and entrepreneurial spirit. More generally, the state has limited capacity to fulfil some of its functions, which affects the delivery of public services like health and education, as well as the protection of the environment and the generation of skills.

Read the Press release  

Read the Executive Summary

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Chapter 1. Overview: Realising Kazakhstan’s development vision
Chapter 2. How’s life in Kazakhstan?
Chapter 3. Bolstering growth in Kazakhstan
Chapter 4. Enhancing sectoral competitiveness in Kazakhstan
Chapter 5. Enhancing governance and institutions for sustaining inclusive growth and well-being