В Атырау +29.3 
Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan Serik Zhumangarin held a working meeting with World Bank Country Manager for Kazakhstan Andrey Mikhnev and international experts of the organization.
The meeting continued a series of discussions initiated by the Prime Minister of Kazakhstan and was entirely devoted to issues of implementing a new investment cycle, attracting long-term capital, increasing economic productivity, and preparing practical mechanisms for further structural reforms.
The discussion was attended by representatives of the Ministries of National Economy, Finance, Foreign Affairs, Artificial Intelligence and Digital Development, as well as other interested state bodies and the quasi-state sector.
During the meeting, World Bank experts presented the structure of the upcoming analytical report based on data from the state sector of Kazakhstan. The focus of the discussion was the “3I” model — Investment, Implementation, Innovation — aimed at a qualitative transition of the economy to higher productivity, technological renewal, and increased household incomes.
In the report presentation, significant emphasis was placed on improving public expenditure planning and developing proactive social support measures. The experts noted Kazakhstan’s high level of digitalization, which allows state assistance to be provided as promptly and precisely as possible to those categories of citizens who need it most.
When discussing tools to support entrepreneurship, the experts presented an analysis of the Damu Fund programs, highlighting the high effectiveness of partial credit guarantee mechanisms as a driver for employment growth and modernization of SMEs.
Following the meeting, the parties agreed to move from analytical recommendations to the practical implementation of initiatives. A joint working group will be formed together with the Ministry of National Economy, the Agency for Strategic Planning and Reforms (ASPR), and other departments to prepare a comprehensive action plan.
“The consultation process is of key importance to us. It is important for us that the proposed measures are discussed in detail with each relevant ministry and local executive body and fully take into account their current tasks. Full involvement of the regions from the very beginning will allow us to more accurately consider local specifics and develop practical tools for each region. We hope to jointly prepare a draft action plan by September–October, so that after discussion at a high level, it can be presented as a coordinated common strategy,” Andrey Mikhnev said.
In turn, Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan Serik Zhumangarin outlined the strategic priorities of joint work.
“Our main task is to translate in-depth economic analysis into the plane of practical and understandable measures. The new investment cycle mentioned by the Head of State requires proactive approaches from us. We are aimed at creating the most attractive conditions for long-term private capital, removing barriers to technological renewal, and providing domestic businesses with effective development tools. The joint action plan with the World Bank will become a concrete guideline that will ensure the continuity of the structural reforms being carried out and lay the foundation for quality economic growth,” the Deputy Prime Minister emphasized.