World Bank diagnostics report presented at Astana Economic Forum in Kazakhstan

ASTANA (TCA) — At the presentation of the World Bank’s report on systemic diagnostics of the country in the light of the 25th anniversary of cooperation between Kazakhstan and the World Bank, Prime Minister of Kazakhstan Bakytzhan Sagintayev addressed the participants of the Astana Economic Forum that opened on June 15 in Astana, the official website of the Prime Minister of Kazakhstan reported.

Prime Minister Sagintayev said that the Astana Economic Forum is being held for the 10th time and this year it coincided with the holding of EXPO-2017.

The theme of the Forum in 2017 is “New Energy – New Economy”. Each year the AEF gathers more than 5,000 delegates from 80 countries: representatives of the world economic community, current and former heads of state, Nobel Prize winners, academics and businesspeople.

Sagintayev informed that the Government of Kazakhstan, together with the World Bank, has been working to solve the problems associated with liberalization of the national economy and increasing its competitiveness, creating new jobs, improving the efficiency of public administration, and the sustainability of environmental development.

With the support of the World Bank, 1,300 km of roads have been built and modernized in Kazakhstan. The regulation of the riverbed of the Syrdarya and the northern part of the Aral Sea has made it possible to improve the ecological situation in the Aral Sea area.

The government is actively working on the accelerated technological modernization of the economy, dramatically improving the business environment, providing productive employment, ensuring macroeconomic stability, and improving the quality of human capital.

Today Kazakhstan faces the task of gradually reaching the level of 5.5% economic growth until 2021. This will allow the country to confidently advance into the top 30 of the world’s strongest economies. This is the main national goal set in the Kazakhstan-2050 Strategy.

The System Diagnostics of Kazakhstan, conducted by the World Bank, will help the Government to get an objective assessment, identify opportunities and risks, problem nodes and get recommendations for their resolution.

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Times of Central Asia