Kazakhstan and World Bank Launch New $1 Billion Annual Partnership Framework
Kazakhstan and the World Bank Group have initiated discussions on a new 2026–2031 partnership framework, envisaging up to $1 billion in annual financing to support infrastructure development, private-sector growth, and economic reforms.
Deputy Prime Minister and Minister of National Economy Serik Zhumangarin met with World Bank representatives on February 12 to review the draft strategy and define priority areas for cooperation. The proposed framework aligns with Kazakhstan’s national priorities, including transport and digital connectivity, climate initiatives, water and energy services, financial market development, private investment, and renewable energy. The partnership combines financial support with technical and analytical assistance through the joint economic research program, according to the Prime Minister’s press service.
The meeting also assessed the results of the 2020–2025 partnership strategy, which delivered 14 projects worth $4.2 billion. Key achievements included:
- Development of the Western Europe–Western China international transit corridor
- Reconstruction of the Almaty–Khorgos highway
- Modernization of irrigation and drainage systems
- World Bank Country Manager Andrei Mikhnev noted that transport projects improved connectivity for over five million people, reduced travel time by two-thirds, lowered transport costs by 35%, and created more than 1,200 permanent jobs. Over 1,000 SMEs received grants and advisory support, while 175 startups generated $41 million in sales and attracted $16 million in investment.
Irrigation upgrades covered 92,000 hectares, benefiting 94,000 users and modernizing 763 kilometers of canals.
The International Finance Corporation will continue supporting public-private partnerships and private investment projects, including initiatives involving Kazakhstan Temir Zholy.
The draft framework will be finalized and submitted to the World Bank’s Board of Directors for approval.
Photo credit: gov.kz
