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Tuesday, September 17th, 2019

AEF: How global and regional problems are solved

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XII Astana Economic Forum started its work in the capital of Kazakhstan. Intensive and radical changes in the economy, social sphere, digital technology, production and consumption, as well as the technological transition that we are facing are being discussed at the Astana Economic Forum. This year’s forum theme is “Inspirational Growth: People, Cities, Economy”. About 50,000 delegates from 150 countries, including more than 20 Nobel Prize laureates and more than 30 foreign politicians participate in the forum. The key issues discussed at the Economic Forum can be found in the material developed by the Strategy2050.kz expert portal.

President Nursultan Nazarbayev thanked participants of the XII Astana Economic Forum and emphasized the importance of holding the forum.

“I express my sincere gratitude to the leaders of the states, heads of international organizations, leaders of transnational companies for the well-known scientists and experts involved in the work of this conference. Our meetings have become a tradition and I am convinced that the event has become a solid platform. In 2008, we initiated this initiative. We are currently hosting the XII Astana Economic Forum. We are considering global and regional problems. All of these strategic issues will contribute to the development of the society in the coming years, “N. Nazarbayev said.

The Head of the State said that G-global, economic problems, poverty eradication, human capital development, new energy issues were considered.

“Last year we held a global summit of global challenges. There were two anti-crisis conferences on this forum platform. It provided public support to the United Nations, where the recommendations and conclusions expressed at the Astana Economic Forum helped to overcome global challenges. Our model has demonstrated that sustainability of development, despite any assumptions. After the collapse of the USSR, Kazakhstan was in a difficult situation among 15 states. Nevertheless, we set specific goals and achieved them. We are in the 50 developed countries. We are part of the top 30 business development countries. Foreign investments amounted to $ 320 billion. Kazakhstan is a leader in the region in terms of this indicator, “the President said.

The First President of the Republic of Kazakhstan expressed his gratitude to foreign partners for their confidence in Kazakhstan.

“I highly appreciate the trust of our partners, foreign investors. Kazakhstan sees pragmatic optimism as an indicator of confidence in the country’s political and economic system. Our country has become a respected member of the world community. Our economy has grown. The level of poverty has dropped, we are working in this direction. The Ministry of Foreign Affairs of the Republic of Kazakhstan is a direct foreign investment body. I am convinced that our embassies abroad are a window for every investor who wants to work in Kazakhstan. We will continue to work on joining the 30 developed countries, “Nursultan Nazarbayev said.

The Head of the State pointed out that the Strategy up to 2050 included Kazakhstan’s joining the top 30 developed countries.

“We are working closely together to achieve this goal. We are fulfilling the requirements of the OECD countries to the standards of quality of life. We have adopted the National Plan of Implementation of 5 targeted reforms. This document was highly appreciated at the Astana Economic Forum. At present, we have begun the third modernization. Large-scale infrastructure and industrial programs are being implemented. These industrial programs have a wealth of resources and energy resources in the development of alternative economics. For these 6 years we have created 130 new enterprises. We provide good support to investors implementing the program. By supporting the “One Way – One Way” Infrastructure Development Program, Kazakhstan is in the middle of the Silk Road.

Nursultan Nazarbayev emphasized the importance of this forum “Inspirational Growth: People, Cities, Economy”.

“The world is like a stable economy. However, we know that there are fundamental risks and disproportions. The total projections slowed down from 3.09 to 3.06. That’s why States are struggling for these markets to look at new ways of development. In this regard, we also consider non-market sectors, “the President said.

Also, the First President said that now there are no obvious realities in large economies, such as the growth of populism.

“We need to consider ways to overcome these difficult situations at such international forums organized by the UN, G-20, WTO. We need to manage these issues together, “Nursultan Nazarbayev said.

Besides, the Head of State noted that despite the fact that the capital of Kazakhstan, Nur-Sultan, is a young city, it has become the center of many large events.

“The Economic Forum is a platform for discussing my G-Global initiatives. It can be a challenge for negotiations between our countries. With respect to G-Global and the Greater Europe, many international organizations need to resolve the differences between the parties through negotiation, taking into account integration. It is time to move straight into the dialogue, they are building the future, “the President said.

At the end of the speech, President Nursultan Nazarbayev said that the Astana Economic Forum was held in the historical period for Kazakhstan.

“We have made good progress in the years of independence. Kazakhstan has become a reputable, authoritative country in the world community. We implemented various initiatives. This year the Astana Economic Forum is held in the historical period for the country, because the presidential elections will be held in the country one month later, “the President said.

In his turn, Vice Premier of the State Council of the People’s Republic of China Han Zhang expressed his gratitude for the discussion of world economy issues at the Astana Economic Forum, speaking as one of the key speakers of the forum.

“The First President N.Nazarbayev proposed to initiate the Astana Economic Forum in 2008 as a visionary and vigorous politician. For 12 years, our forum has become an important platform. At the forum, recommendations and recommendations on economic, financial and social issues are developed. At present, the AEF in the international arena is very popular. China is home to 1.4 billion people due to social and economic development. Human capital in China is enormous and we are developing a new urbanization model. We are ready to share with you such experiences. Together, we will continue our work for the benefit of the nations of the world for a common future. In doing so, we are committed to improving the situation in the world, “said Han Zheng.

And Christine Lagarde, Managing Director of the International Monetary Fund, urged to step up and slow down.

“The current situation is slow. In 2019, we see a slowdown in global growth. I’m not saying it’s a recession, but it’s a slowdown compared to last year. We also know the relationships between big players. We believe that serious relations between the two countries will be resolved. Caucasus and Central Asia, “said Lagarde.

It should be noted that the Astana Economic Forum is the annual Central Asian business event in Eurasia.

For 11 years, the Astana Economic Forum has become one of the most authoritative international platforms for discussion of the issues of improvement and development of the global economy and financial system.

The results of the forum will have a significant effect from attraction of international investors to exchange of ideas for the formation of the agenda of economic policy in the country and in the world.

Source: Kazakhtan 2050

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