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  • IMF Technical Assistance Center for Central Asia, Caucasus and Mongolia to be located in Almaty
21 October, 2019 16:49

IMF Technical Assistance Center for Central Asia, Caucasus and Mongolia to be located in Almaty

Chairman of the National Bank of Kazakhstan Yerbolat Dossayev visited Washington D.C. for a working trip, where he held a series of negotiations with the leaders of the International Monetary Fund (IMF), World Bank, overseas central and investment banks, Strategy2050.kz learns from the National Bank’s official website.

IMF Technical Assistance Center for Central Asia, Caucasus and Mongolia to be located in Almaty | Strategy2050.kz

Mr Dossayev and new IMF Managing Director Kristalina Georgieva discussed the challenges and opportunities for Kazakhstan’s economy in the emerging global macroeconomic environment and under the influence of various internal and external factors.

Also the Chairman of the National Bank participated in a collegiate discussion of finance ministers and central bank governors of the Caucasus and Central Asia. During his speech, Dossayev told the participants about the upcoming reorganization of the National Bank and the introduction of a regulatory risk-based approach in the supervisor activities.

As part of the event, the IMF management announced that for localization of the future Regional Center of IMF Technical Assistance for Central Asia, Caucasus and Mongolia the choice was made in favor of the city of Almaty.

During his stay in Washington D.C. the Chairman of the National Bank also met with EBRD President Suma Chakrabarti and discussed with him various aspects of Kazakhstan’s with the international development institute.

In addition, Dossayev met with World Bank's Europe and Central Asia region Vice President Cyril Muller. During the negotiations, the interlocutors raised topics of macroeconomic policy, discussed the possibility of increasing lending of economics, as well as issues of improving monetary and fiscal politicians.

Cooperation of Kazakhstan with the International Finance Corporation was discussed by the National Bank Chairman with head of this organization Philippe Le Houérou.

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan