The country partnership strategy (CPS), 2012-2016 for Kazakhstan is designed to make the economy more competitive and diverse in order to sustain growth and create jobs. It defines a new development partnership with ADB that is relevant and responsive to Kazakhstan’s goal of transitioning to a high-income country.
The CPS underscores the need for sustaining infrastructure investments to boost productivity of the economy and promote diversification. It recognizes that the private sector has to become the main engine of growth over time. It includes measures to support the business environment for private sector development and identifies key operational areas for working directly with the private sector to support its role.
Knowledge exchange is central to the partnership between ADB and Kazakhstan. Knowledge products and services will support institutional improvements and reforms. Knowledge support will also deepen policy dialogue between the two partners on development issues.
Strengthening the financial sector to support growth and diversification is an important part of the partnership. Expanding access to finance for small and medium-sized industries will support entrepreneurs and create new jobs and economic opportunities. Developing nonbank financial markets will generate long-term domestic finance for infrastructure development. Support for local currency finance will deepen the bond markets and diversify the financial system.
In addition, the partnership will help Kazakhstan take advantage of its strategic Eurasian location through regional cooperation in transport, energy, and trade facilitation. ADB’s support will focus on upgrading the road network along the Central Asia Regional Economic Cooperation (CAREC) transport corridors and strengthening regional trade and transport links.
The country operations business plan (COBP) to guide ADB operations in Kazakhstan during 2016-2018 is consistent with CPS, 2012-2016. The COBP supports the CPS’s strategic directions of economic development and diversification through infrastructure modernization, and finance sector development, including improved access to finance for small and medium-sized enterprises (SMEs).
The main cross-cutting strategic priorities of the CPS - regional cooperation, private sector development, environmental sustainability, governance, and knowledge solutions - are also promoted under this COBP. The COBP is also aligned with ADB’s corporate strategic priorities formulated in the Midterm Review of Strategy 2020 and the strategic priorities of Kazakhstan’s 2050 Strategy.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.