Investor Presentation on Kazakhstan's Economic Reforms
State-of-Nation Address
In his state-of-nation address (September 2020), President Kassym-Jomart Tokayev outlined seven areas of focus for the
nation's economic recovery.
Fair distribution of wealth
and duties
The leading role of
private entrepreneurship,
fair competition
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The opening of markets
for a new generation of
entrepreneurs, growth of
productivity
The increase of
complexity and
operability of the
economy
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Key Objectives
I. Strategic Investment Agreement: Expanded legislative package of
measures of state support for large investors in priority sectors, including
ensuring the stability of maintaining current terms and conditions for investors.
Changes and additions to the Strategic Development Plan of the Republic
of Kazakhstan until 2025, providing for:
II.
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increase in manufacturing production volumes by 1.5 times;
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reconstruction and provision for 24 thousand km of republican roads;
increase in the share of SMEs in GDP to 35% and the number of people
employed in SMEs to 4 million people;
ensuring 100% coverage of children under 6 years of age with
preschool education and upbringing;
complete equipping of state medical organizations with the necessary
equipment;
renovation of hospitals' key bed capacity and replacement of outdated
infrastructure;
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Human capital
development,
investments in a new
form of education,
Well-reasoned decisions
by the state with greater
accountability to the
public
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A green economy and
environmental protection
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BAZARSTAN
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bringing life expectancy to 75 years
III. Development and approval of the concept of low-carbon development of
Kazakhstan until 2050, including measures for "green growth" and deep
decarbonization of the national economy
IV. Elaboration of a new concept for the development of local self-governance,
providing for:
strengthening control over the process of approval of local budgets,
including mechanisms for passing public expertise, as well as the use of
online surveys for socially significant expenses aimed at infrastructure and
social initiatives;
strengthening the financial capabilities of local self-governance by
expanding property rights and increasing the income of rural districts, the
next stage in the development of "public participation budgets"View entire presentation