Investor Presentation on Kazakhstan's Economic Reforms
Key Historic and Recent Milestones
Recent decades have seen a systematic approach to the expansion of government capabilities and development efforts.
5
Jan 2015
Kazakhstan
becomes a
member of
Eurasian
Economic
Union
May 2015
Adoption of
Nation plan
Strategy 2050
"100 concrete
steps"
Aug 2015
National
currency tenge
shifted to free-
floating
exchange rate
regime
Kazakhstan
switched to
inflation
targeting
regime
2018
Astana International
Financial Centre
established
Completed merger of
Kazkommerzbank and
Halyk Bank
Kazatom prom sold
15% of company's
shares through IPO
New Tax Code adopted
Kazakhstan chaired the
UN Security Council
for the first time
2020
As part of COVID-19
anti-crisis measures,
government approved a
support package worth
US$13.5bn (8% of GDP)
The President, in his
State of the Nation
Address, announced
significant upcoming
reforms in public
administration
c.$1bn IPO of Kaspi.kz,
largest fintech IPO in
EMEA in 2020
Dec 1991
Nursultan
Nov 1997
Nazarbayev
elected as the First
President of the
Republic
of Kazakhstan
May 1997
Concept of
reforming the
pension
system was
adopted
NCS PSA agreement
signed between
Oct 2008
Establishment
of JSC Samruk-
Kazyna
international consortium
Kazakhstan and
to later discover
Kashagan oil field
FPSA agreement signed
between Kazakhstan and
international consortium
to operate the second
largest oil producing field
Karachaganak
Dec 2012
Adoption of
Development
Oct 1997
Kazakhstan-2030
Development
| Strategy adopted
Apr 1993
JV Tengizchevroil
Aug 2000
Establishment
of the National
Fund of the
Republic of
Kazakhstan
(NFRK)
2012
Establishment
of Problem
Loans Fund
Jul 2015
Kazakhstan
becomes a
member of
WTO
("TCO") is established
between Kazakhstan
and international
consortium to operate
Tengiz (largest oil
production in
Kazakhstan) and
Korolevskoye oil fields
Nov 1999
Kazakhstan
Deposit
Insurance Fund
established
Jan 2010
Kazakhstan
enters into
customs union
with Russia and
Belarus
Apr 2015
Adoption of
Infrastructure
development
Programme
Nurly Zhol for
2015-2019
2017
Kazakhstan
hosted EXPO-
2017
2019
The first President Nursultan
Nazarbayev announced his
resignation
Kassym-Jomart Tokayev,
previously Chairman of the
Senate, is elected President
of the Republic of Kazakhstan
Completed Asset Quality
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