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Askar Mamin participates in foresight session of ADB and Kazakhstan on improving country’s competitiveness

by November 16, 2019 General

Prime Minister Askar Mamin and President of the Asian Development Bank Takehiko Nakao took part in a foresight session between ADB and the Government of the Republic Development of Kazakhstan’s Long-Term Competitiveness.

This year marks the 25th anniversary of our close cooperation with the Asian Development Bank, which has made a great contribution to the potential for economic growth and the quality of our institutions, Mamin said.

The prime minister emphasized that the Government has set a goal to increase the competitiveness of the economy of Kazakhstan.

It is very important to strengthen the institutional capacity of economic sectors, timely development and effective implementation of reforms. In this regard, ADB is one of the most competent institutional partners for us, whose experience in agriculture, infrastructure, tourism and regional development is recognized worldwide and is widely reflected in government programs in many countries, said Mamin.

The meeting was the first joint brainstorming session between Kazakhstan and ADB on strategic development and forecasting Kazakhstan’s competitiveness. It was attended by members of the Government, heads of national holdings and development institutions.

The participants reviewed the foresight methodology and international experience, discussed and developed roadmaps and action plans for 5 sectors: infrastructure for the development of the agro-industrial complex, tourism as a key part of economic growth, smart city applications for waste processing, foresight for industrial and innovative development of Kazakhstan, increasing competitiveness through regional development.

Since 1994, ADB has allocated over $5.1 billion in loans for the implementation of government projects in Kazakhstan to develop finance, infrastructure, energy, the public utilities sector and other areas. To date, about 30 projects worth $3.8 billion have been fully implemented.

For $49 million, ADB funded about 100 technical assistance projects in the transport and agricultural sectors, education, healthcare, the development of small and medium-sized businesses, and other areas. More than $628 million was allocated for the implementation of private sector projects in the field of renewable energy, agribusiness and finance.

Source: Prime Minister of the Republic of Kazakhstan