The Prime Minister of Kazakhstan

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B. Sagintayev: Government is ready to assist distribution of best practices and exchange of experience in cooperation with IMF

16 May 2018, 16:31

Today in the capital of Kazakhstan, on the eve of the Astana Economic Forum, Prime Minister Bakytzhan Sagintayev addressed the participants of the Regional Meeting of the International Monetary Fund and the National Bank of the Republic of Kazakhstan.

Dear Ladies and Gentlemen!

At the outset, I am pleased to welcome all participants and organizers of the IMF Regional Meeting for the countries of Central Asia and Caucasus.

This is the second meeting of this kind organized here in our capital. The matters considered today on modernization of economic policy to strengthen benefits of integration processes and decrease risks are of interest for everyone and highly relevant.

Kazakhstan is committed to the policy of enriching economic integration and is actively developing cooperation across Eurasia.

We consider our participation in the Eurasian Economic Union as one of the key instruments for diversification of the national economy.

Kazakhstan supports development of the global Belt and Road Initiative, and is ready to the full-fledged international collaboration within this project. For this purpose we have created a short and economically feasible transport and logistics “leg” to reach pivotal global markets.

Kazakhstan has been an official member of the World Trade Organization since late 2015. This is an opportunity for our country to transform from a leader of the Central Asian region to one of the largest members of the global economic process.

Today, countries of Central Asia and Caucasus are united with a common goal – to support stability of social and economic development of the region through increasing competitiveness of countries, attracting investments, building up modern export policy, and stimulating innovative entrepreneurial activities.

Kazakhstan is firing on all cylinders in this direction.

We purposefully follow a multi-vectored and balanced foreign policy.

We have launched the third wave of modernization of our country and economy.

President Nursultan Nazarbayev has identified new priorities and tasks.

Modernization of basic industries, development of mass entrepreneurship and productive employment, technological development, new quality of human capital, establishment of modern institutions of innovative development – these are the priorities that not only strengthen the global competitiveness of Kazakhstan, but also develop regional integration.

The Government of Kazakhstan is ready to assist distribution of best practices and exchange of experience in cooperation with the IMF, countries of Caucasus and Central Asia in all of the abovementioned directions.


Dear Ladies and Gentlemen!

Global technological transition taking place today leads to a bigger turbulence of the global development and appearance of new, yet hardest-to-date challenges.

To what extent are our countries ready to integrate and cooperate in order to become a leading part of the world, rather than outsiders of global transformations? Which opportunities of strengthened integration are to be embraced, and which risks are to be avoided? What are the perspectives of modern macroeconomic, financial and structural policies, corresponding to national interests of the regional states?

I am convinced that the discussions and our  dialogue today will enable us to exchange insights on each of these issues.

I wish all participants constructive dialogues and success in your work!

Thank you for your attention!


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