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Country data

Population:
15.9 million
Area:
2,728,000 sq km
Capital:
Astana
Currency:
Tenge

Key developments and challenges

Long-term sustainable growth requires significant diversification and industrialisation. The challenge is to strike a balance between continued state investment in infrastructure, education and worthwhile industrial projects, while at the same time encouraging active private sector involvement to ensure an efficient allocation of available resources.

An effective resolution of non-performing loans, further improvements in prudential regulation and the development of local capital markets would help to ensure that the financial sector emerges stronger from the crisis and can better support the real sector in achieving sustainable economic growth.

Fiscal policy will need to reconcile the goals of supporting economic recovery in an uncertain external environment, attaining the country’s medium-term development objectives and prudently managing volatile oil and gas revenues.

More developments and challenges

People in Kazakhstan

Our work in Kazakhstan

In Kazakhstan we are helping to diversify the economy, develop the financial sector and impove power and energy

Kazakhstan

Key facts about the EBRD's work in Kazakhstan

No. of projects

152

Net business volume

€4.3 billion

Total project value

€11.0 billion

Gross disbursements

€2.6 billion

Portfolio in private sector

60%

 

View factsheet


Our strategy in Kazakhstan

EBRD will assist Kazakhstan promote economic diversification and move towards a more sustainable model of financial development.

In developing the financial sector, the EBRD will work with Kazak authorities and other IFIs to help formulate a sustainable financial model. It will also work towards transforming the infrastructure sectors - pivotal to further economic diversification and longer-term sustainable growth.

Read strategy

CONTACTS

Almaty office
41 Kazybek bi Street
Entrance 3, 3rd Floor
480100 Almaty
Kazakhstan
Tel: +7 7272 581 421-76
Fax: +7 7272 581 422

Astana office
12, Samal microdistrict
Astana Tower Business Centre
010000 Astana
Kazakhstan
Tel: +7 7172 580 204
Fax: +7 7172 580 201
Head of office: Anara Omarova