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Kazakhstan ranks 28th on ease of doing business

17 September, 2019 10:47

The Government session chaired by the Kazakh Prime Minister examined the measures to climb Kazakhstan’s positions in international rankings, including the World Bank’s Doing Business rankings, Strategy2050.kz reports.

National Economy Minister Ruslan Dalenov told the session Kazakhstan ranks 28th when it comes to the ease of doing business.

“Our vision is to join the top 20 economies of the world for the ease of doing business by 2025,” the minister says.

The Logistics Performance Index (LPI) scores countries’ trade and logistics performance, which ranked Kazakhstan 71st in 2018. The country aims to enter top-40 by 2025.

The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. The report "assesses the ability of countries to provide high levels of prosperity to their citizens". This in turn depends on how productively a country uses available resources. Kazakhstan was at 59 on the Global Competitiveness Report, the next goal is to join the top 40 most competitive economies by 2025.