Kazakhstan and ADB
In the Spotlight
Income poverty in Kazakhstan has decreased consistently since 2005, declining in both urban and rural areas. Regional differences in poverty levels exist, but have narrowed. From 2006 to 2010, income poverty was reduced spectacularly in several regions. In Kyzylorda, poverty decreased from 37.5% to 6.7%, or by 31 percentage points; in Mangistau, from 26% to 11.6%; and in Akmola, from 25.4% to 4.4%.
A single, critical roadway was hobbling Kazakhstan’s efforts to expand trade with Asia and Europe – that is changing.
As a connecting link between Europe and East Asia, Central Asia is set to reap the benefits of burgeoning trade between the two economic giants.
ADB has approved a $1 billion loan to help Kazakhstan continue government programs to strengthen the economy in the face of recent challenges.
ADB began supporting the Government of Kazakhstan shortly after the country became independent in 1991. To help the country’s transition from a centrally planned economy to one driven by market forces, ADB provided much-needed assistance in agriculture, education, finance, and the delivery of social services. Kazakhstan’s requirements for external financing had gradually diminished, before the global financial crisis of 2007-2008 prompted the need to again access external concessional resources. ADB responded with a countercyclical loan of $500 million.
At the 47th ADB Annual Meeting of the Board of Governors in the capital Astana in May 2014, the Government of Kazakhstan and ADB signed a groundbreaking cofinancing framework arrangement that sets a new paradigm for partnership on the country’s development agenda. Meanwhile, regional cooperation under the Central Asia Regional Economic Cooperation (CAREC) Program remains an integral aspect of ADB operations in Kazakhstan.
Read the ADB and Kazakhstan fact sheet.
Projects in Kazakhstan
- Micro, Small and Medium-Sized Enterprise Development Project
- Karaganda District Heating Reconstruction and Modernization Project (formerly Energy Efficiency Project)
- CAREC Corridors 1 and 6 Connector Road (Aktobe-Makat) Improvement Project
- MFF Financial Sector and ICT Enhancement Program (Facility)
- KAZ: BANK TURANALEM
- CAREC Transport Corridor 1 (Zhambyl Oblast Section) Investment Program - Tranche 2
- CAREC Transport Corridor 1 (Zhambyl Oblast Section) Investment Program - Tranche 3
- Countercyclical Support
- Joint Government of Kazakhstan and the Asian Development Bank Knowledge and Experience Exchange Program, Phase 2
- Micro, Small and Medium-Sized Enterprise Development
- CAREC Transport Corridor 1 (Zhambyl Oblast Section) Investment Program - Tranche 4
- MFF: Small and Medium Enterprise Investment Program - Tranche 1
- CAREC Corridor 3 (Shymkent-Tashkent Road) Rehabilitation Project
- CAREC Transport Corridor 1 (Zhambyl Oblast Section) Investment Program - Tranche 1
- Astana Light Rail Transit Project