Kazakhstan and ADB
In the Spotlight
ADB expects to provide $3 billion in assistance to Kazakhstan in 2017-2021 to support the country’s ambition to be a top 30 global economy by 2050.
ADB Vice-President Wencai Zhang reaffirms that ADB will continue to support the Government of Kazakhstan’s development agenda and is exploring new ways of engaging with the country, including public-private partnerships, blended finance, and other innovative financing approaches.
ADB and Tengri Bank signed a trade finance agreement enabling ADB’s Trade Finance Program (TFP) to provide guarantees to support import and export transactions in Kazakhstan.
In the early 1990s, Kazakhstan was transitioning from a centrally planned economy to one driven by market forces. ADB began supporting the Government of Kazakhstan in 1994, a few years after the country became independent, by providing much-needed assistance in agriculture, education, finance, and the delivery of social services.
Since the early 2000s, Kazakhstan has pursued economic diversification to avoid being stuck in the “middle-income trap.” It seeks to transform from a landlocked to a “landlinked” economy. To address these development needs, ADB cooperation with Kazakhstan in recent years has focused on the finance and transport sectors and on knowledge partnerships.
Kazakhstan is a member of the Central Asia Regional Economic Cooperation (CAREC) Program.
Read the ADB and Kazakhstan fact sheet.
Projects in Kazakhstan
- Countercyclical Support
- Managing for Development Results in the Transport Sector of Kazakhstan
- Small and Medium Enterprises Investment Program - Tranche 2
- Joint Government of Kazakhstan and the Asian Development Bank Knowledge and Experience Exchange Program, Phase 1
- Alternative Urban Infrastructure Financing Modalities
Average annual population growth rate in Kazakhstan (2011-2016)
Population living below the national poverty line in Kazakhstan (2015)
Maternal mortality ratio in Kazakhstan, per 100,000 live births (2015)
Population in Kazakhstan, in millions (2016)