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Kazakhstan: Government Presses Forward on Hazy Growth Strategy

Kazakhstan’s government has approved a development strategy blueprint to be implemented by 2025 that it hopes will begin propelling the country on its way toward the world league of top 30 most developed nations.

As far as has been reported, the plan approved on November 28 envisions, in highly vague terms, the full exploitation of modern technology and an increase in the role of non-commodity exports in the economy. That’s about it. 

National Economy Minister Timur Suleimenov said that the aim is to see annual economic growth over the coming eight years reach no less than 4.5 percent. Meanwhile, gross domestic product per capita is to rise to $46,100, he said. That is up from the $25,000 reported by the government earlier this year.

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Kazakhstan: Government Presses Forward on Hazy Growth Strategy

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