Astana, 23 December 2022 (TDI): The Ministry of National Economy of the Republic of Kazakhstan and the United Nations Development Programme (UNDP) have signed a deal to co-finance the UNDP Country Programme in Kazakhstan for 2021–2025.

Both signed the deal on 22nd December. Sukhrob Khojimatov, Representative of UNDP Kazakhstan, and Alibek Kuantyrov Minister of the National Economy of the Republic of Kazakhstan signed the agreement

The agreement offers to create the necessary project pool and technical assistance volume to support the regions. Moreover, it will also support long-term reforms of Kazakhistan’s government.

Furthermore, the granted money will be used to assist ongoing institutional reforms in Kazakhstan. In addition, money will also help develop the nation’s regions, especially those in Abay, Zhetysu, and Ulytau.

UNDP in Kazakhstan 

In Kazakhstan, UNDP works in collaboration with Kazakhstan’s government, local authorities, academia, the private sector, civil society, and mass media.

UNDP helps Kazakhstan accomplish its national priorities. These priorities are outlined in Kazakhstan 2050, the 2025 Strategic Development Plan, and other important initiatives and plans. The Sustainable Development Goals helped fulfill these priorities.

These priorities include looking for a new model of economic growth and increased productivity, enhancing the business environment and scaling up new technologies across sectors, improving the institutional performance and effectiveness of important state and sectoral budgets and programs, modernizing the judicial and law enforcement systems, raising the standard of education and health care, and promoting regional economic development, particularly in remote areas.

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In addition to this, Kazakhstan was able to maintain its economic trajectory with the support of the UNDP. It was done through diversifying the economy, modernizing institutions, reducing inequality, and sustainably managing natural resources.

The government will need to implement the six UNDP flagship solutions to hasten structural changes and better prepare for upcoming shocks.