ADB and Kazakhstan: A Fruitful Partnership

Video | 28 April 2014

ADB has been working with the Government of Kazakhstan since the country's independence in 1991. A partnership that has helped Kazakhstan move from a centrally planned to a market-driven economy. It is now an upper middle-income country with healthy prospects, but challenges remain as it strives to diversify its economy, become more competitive and ensure growth is inclusive.

Transcript

Title: ADB and Kazakhstan: A Fruitful Partnership

Description: ADB has been working with the Government of Kazakhstan since the country's independence in 1991. A partnership that has helped Kazakhstan move from a centrally planned to a market-driven economy. It is now an upper middle-income country with healthy prospects, but challenges remain as it strives to diversify its economy, become more competitive and ensure growth is inclusive.

VO: The Asian Development Bank and Kazakhstan at work in homes, agriculture, transport—a 20-year partnership that has delivered results creating a better life for the people. With Kazakhstan’s economy now on a stronger footing, it is also helping other nations by donating in the Asian Development Fund—the first Central Asian Country to do so.

Working with others has achieved more impact together with the ADB and partners, Kazakhstan and its neighbor has done much towards building new routes across Central Asia boosting domestic and international trade.

SOT: Erbolat Dossaev
ADB Governor for Kazakhstan
Minister of Economy and Budget Planning
Our close relationship of ADB is growing up year to year. The total amount of the state loan is around 2.8 billion USD and I guess Kazakhstan right now is the biggest recipe in Central Asia for ADB.

VO: But despite the progress achieved in the past two decades, many challenges remain, as the country strives for a greater prosperity.

SOT: Klaus Gerhaeusser
Director General, Central and West Asia Department
Asian Development Bank
ADB just recently endorsed new country partnership strategy and that takes explicitly the account of more advance development status of the Kazak economy and focus substantially on achieving sustained growth, job creation and moving towards more information and knowledge-based economy.

VO: ADB and Kazakhstan—a continuing partnership, sharing knowledge, helping business, promoting trade, connecting lives, creating prosperous future free of poverty for all.