Kazakhstan highly appreciates strategic partnership with IMF — Alikhan Smailov

Prime Minister of the Republic of Kazakhstan Alikhan Smailov held a meeting via videoconference with representatives of the International Monetary Fund mission.

The meeting was attended by the head of the IMF mission for Kazakhstan Nicolas Blanchet, his deputy Alejandro Heidenberg, senior economist at the Department of Europe Gregorio Impavido, as well as the executive director of the Swiss subgroup of countries Petr Trabinski and heads of a number of central government bodies of the Republic of Kazakhstan.

Opening the meeting, Alikhan Smailov noted that Kazakhstan highly appreciates the strategic partnership with the IMF. This year our country and the Organization are celebrating the 30th anniversary of cooperation.

Currently, the Government of the Republic of Kazakhstan is actively working to implement the democratic and socio-economic reforms outlined by the President of the country Kassym-Jomart Tokayev in the concept of "New Kazakhstan".

They are aimed at strengthening the legislative power, the rule of law, the qualitative modernization of the economy, increasing competition, protecting private property, de-monopolization, and reducing the excessive presence of the state in the economy.

“The efforts of the IMF to expand opportunities for the economy of Kazakhstan are important for us in light of the implementation of new reforms,” Alikhan Smailov emphasized.

The Prime Minister added that Kazakhstan is interested in advanced international experience in decarbonization of the economy, low-carbon development and the introduction of effective fiscal policy mechanisms.

For his part, Nicolas Blanche noted that over the past period, productive work has been carried out in many areas of cooperation. At the same time, the IMF is ready to continue to provide Kazakhstan with the necessary support.

During the meeting, the participants discussed the results of the IMF mission, recommendations on priority areas of macroeconomic policy and structural reforms, plans of the Government of the Republic of Kazakhstan to reduce the carbon footprint, as well as further stages of cooperation between Kazakhstan and the IMF.

“I would like to take this opportunity to thank the IMF for its continued support of our work. I express hope for continued effective cooperation,” the Prime Minister of the Republic of Kazakhstan concluded.

For reference: The International Monetary Fund is a specialized UN agency established on December 27, 1945 to develop international cooperation in the monetary and financial sphere, work together on economic problems, lend and advise debtor countries, and collect and publish international financial statistics.

Kazakhstan has been a member of the IMF since 1992. During this time, a number of mutually beneficial agreements have been concluded between our country and the Fund. The IMF mission annually visits Kazakhstan for consultations.

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