Republic of Kazakhstan

                              Country Partnership Framework for FY20-25

                                                Chair Summary*

                                                December 12, 2019

Executive Directors discussed the joint IBRD/IFC/MIGA Country Partnership Framework (CPF)
for the Republic of Kazakhstan for the period of FY20-25.

Directors welcomed the CPF’s focus on institutional improvements to catalyze the changes needed
to secure sustainable private sector-driven growth that would generate jobs and create
opportunities to promote growth and productivity.

Directors noted Kazakhstan’s achievements in terms of poverty reduction, income equality, and
basic social indicators, whilst underlining the need to bridge institutional gaps, spearhead reforms
to increase resilience to commodity and trade shocks, and shift financing from subsidies to
investments. Directors welcomed the path to graduation while asking for a clearer picture of
activities needed to support this process. They highlighted the need for the authorities to engage
with the Bank to support institutional strengthening, education, the fight against corruption and
transitioning to a low-carbon economy. They also encouraged Kazakhstan to support the transition
to high-income status by reforming fiscal, financial, governance, regulatory, and service delivery
systems to strengthen competitiveness, and pushed the Bank to apply greater selectivity to the
pipeline of projects.

Directors noted the cooperation among WBG institutions. They stressed the importance of
deepening citizen engagement, with due attention to the most vulnerable segments of the
population, and enhanced collaboration with other development partners.




*
    This summary is not an approved record.