Kazakhstan and the World Bank are set to launch a new partnership strategy
Kazakhstan and the World Bank have discussed the new five-year Country Partnership Framework for 2025-2030. This framework will focus on key areas such as support for public sector reforms, maintaining macroeconomic and fiscal stability, enhancing the financial sector, agricultural transformation, and advancing digital development, according to a report from the Ministry of National Economy's press service on August 30.
During a meeting with representatives from the World Bank and the International Finance Corporation, Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov emphasized the strong and comprehensive partnership between Kazakhstan and the World Bank, which addresses a broad spectrum of economic issues.
“Over the years of partnership, we have built mutually beneficial cooperation and highly appreciate the bank’s contribution to Kazakhstan’s development. We place great importance on our partnership, aimed at supporting the reforms in the country to achieve more inclusive and sustainable development,” said Baibazarov.(Source:astanatimes)
The parties also reviewed key areas of collaboration, assessed the progress of previously funded investment projects, and discussed removing obstacles to improve the effectiveness of World Bank Group programs in Kazakhstan.
Representatives of the World Bank expressed interest in financing new projects vital to the country’s economic development, particularly in the sectors of transport and logistics, infrastructure, energy, and utilities.
