World Bank Group continues strong partnership with Kazakhstan
The objective of the Strategy is to help the Government of Kazakhstan advance implementation of country development agenda through a high impact program, concentrating on key priorities of competitiveness and jobs, improved governance through higher standards and accountability in public administration and service delivery, and safeguarding the environment. In addition, the International Finance Corporation (IFC) will promote the development of private sector through the investments and advisory operations in support of economic diversification, and the Multilateral Investment Guarantee Agency (MIGA) will continue to support financial and manufacturing sectors, the WB's press release reads.
"Over the past decade, Kazakhstan has made impressive policy strides and built a record of strong macroeconomic management, strengthened public financial management, and shifted resources towards social services and critical infrastructure to improve the lives of its population," said Sebnem Akkaya, World Bank Country Manager for Kazakhstan . "The new Country Partnership Strategy aims to work with Kazakhstan to broaden and deepen these achievements to help the country grow sustainably and inclusively through diversification, bolstering human capital, building world-class institutions, infrastructure and environmental standards. Our partnership is built on the premise of cutting-edge knowledge transfer, capacity enhancement and implementation support, bringing benefits that go well beyond funding."
The main instrument of the strategy will be knowledge activities through the Joint Economic Research Program, complemented by selective investment projects in strategic high-impact areas. The CPS will continue the well-tested tradition of a flexible architecture that responds to the client's development agenda, retaining focus on interventions where the Bank has a comparative advantage, drawing on its pool of knowledge from the frontiers of development research and experience.
The 2012 - 2017 Country Partnership Strategy was prepared in close dialogue with the Government of Kazakhstan and nongovernmental stakeholders to identify development priorities and ensure broad-based participation in the Strategy's implementation.
