Kazakhstan has received $14.4 billion from various international financial institutions over the past 15 years, according to information taken from the sovereign finance database of the Eurasian Fund for Stabilization and Development, Ritmeuraisa.org reports.
For what purpose were these international grants and loans spent?
The category of state administration and administration took the first place in the rating by the funds spent out of this amount, the portal ranking.kz reported. $3.5 billion, or 24.3% of Kazakhstan's total sovereign financing, was spent on training Kazakh officials to manage finances, calculate risks, and implement reforms.
Infrastructure ($3.3 billion) and transport ($2.7 billion) projects are on the second and third lines of the sector rating. International banks helped Kazakhstan build roads, conduct energy audits of facilities, introduce energy-saving technologies, and change the tariff policy. The top five most funded also included multisectoral projects and programs for the development of economic policy, finance and banking. The total cost for these two categories was $3.9 billion.
However, social spheres were at the bottom of the ranking. Development institutions allocated $84.3 million to Kazakhstan for healthcare projects, $287.3 million for education and training of labor resources, $36 million for the security, law and justice development sector. sovereign financing has not been allocated for the last 15 years.
CentralasianLIGHT.org
February 27, 2023