Kazakhstan's strategic partnership with the World Bank Group, which has lasted for over 30 years, has played a key role in implementing economic reforms aimed at economic growth, poverty reduction, and infrastructure development, stated Serik Zhumangarin, Deputy Prime Minister and Minister of National Economy of Kazakhstan, speaking at a meeting of the Swiss Subgroup to the World Bank and the International Monetary Fund.
"The results of Kazakhstan's national economic development demonstrate sustainable positive dynamics. This year, Kazakhstan's GDP will exceed $310 billion, which accounts for approximately 60% of the Central Asian economy," Zhumangarin emphasized.
He noted that Kazakhstan's economy has been growing by more than 5% for the third consecutive year. And in the January-September period of this year, growth was 6.3%, one of the highest rates in the world.
"Our country has real and significant opportunities that allow us to achieve such growth. In this context, cooperation with the World Bank remains one of the key foundations for ensuring timely, confident, and sustainable development," noted S. Zhumangarin.
He also emphasized the special significance of the new partnership framework agreement, which defines the priority areas of the World Bank's engagement with Kazakhstan.
CentralasianLIGHT.org
October 20, 2025