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Astana, Kazakhstan • 25 July, 2023 | 13:51

Kazakhstan and World Bank Discuss Cooperation on Sustainable Development

The Kazakh side hopes that further partnership will create conditions for private sector development

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The minister of national economy Alibek Kuantyrov and the World Bank’s leading experts discussed joint projects in taxation, human capital development, infrastructure, equitable economic development, and green economy, QazMonitor reports citing the ministry’s press service.

During the meeting in Washington, US, Carolina Sanchez-Paramo, the director of strategy and operations for the Europe and Central Asia region at the World Bank, stressed the necessity of collaboration in achieving sustainable development in Kazakhstan and the Central Asian region, which involves the implementation of various reforms and the further development of the Trans-Caspian International Transport Route.

The Kazakh side acknowledged that the priority areas outlined in the bank's Country Partnership Framework for Kazakhstan 2020-2025 align with the nation's strategic vision for development until 2050.

"As a result of the implementation of the Country Partnership Framework, we will create the necessary conditions for private sector development, stimulate agricultural transformation, and foster infrastructure development," said Kuantyrov.

Furthermore, the World Bank's experts conducted seminars focused on enhancing tax policy, developing alternative energy sources and tariff policies, as well as achieving carbon neutrality.

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