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Kazakhstan - Joint private sector assessment (Russian)

The report analyzes Kazakhstan's stabilization process since independence, following a cumulative decline of 35 percent in GDP from 1995-97. The country's growth prospects depend on foreign savings availability, as well as a recovery in public and private savings. However, a recent decline of GDP in 1997 to 10 percent, from 16 percent in 1995, is worrisome considering the growth path the country had taken. The study focuses on four major determinants of private sector growth: 1) An enabling environment for private business. Special attention is given to foreign investment and the development of small/medium enterprises. 2) Privatization and restructuring of state-owned enterprises - discussing privatization and post-privatization restructure. 3) Infrastructure sector efficiency - focusing on private participation and monopoly regulation. 4) A deepening of the financial sector. Attention is given to banking and capital markets, particularly the blue chip program and pension reform.


  • Document Date


  • Document Type

    Pre-2003 Economic or Sector Report

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  • Country


  • Region

    Europe and Central Asia,

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  • Doc Name

    Kazakhstan - Joint private sector assessment

  • Keywords

    Private sector development; Transition economies; Privatization; Reform policy; Centrally planned economies; Financial sector reform; Foreign investment; Enterprises; Market economy; Law & legislation; Monopolies; Monopolistic competition; Infrastructure; Banking; Securities markets; Pension reform; Reform policy,,



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Kazakhstan - Joint private sector assessment (Russian). World Development Sources, WDS 1998-4 Washington, D.C. : World Bank Group.