Kazakhstan economy

Three years after announcing a “New Kazakhstan,” has Tokayev truly changed Central Asia’s leading economy?​ 

To meet its own investment targets and decarbonize its economy, the Tokayev administration needs to fully commit to its economic program in 2025.

Although branded as commercial deals, most of the agreements involve a steel and mining company recently acquired and renamed by a state-owned private equity firm in the wake of a tragic mining accident.

Once signed into law, the Kazakh government will essentially discharge the most significant regulatory responsibilities in the betting industry to an unknown entity.

As Astana moves from crisis management to long-term planning mode, the challenge will be whether the government can stick to its economic reform plans. 

For Kazakhstan, in particular, the development of the Middle Corridor offers broader access to global markets.

A recent European study highlighted the Central Trans-Caspian Network as the best option to connect Central Asia with Europe.

Russia needs the support of its "old friends" more than ever and views the EAEU as a vehicle for that support.

The war in Ukraine, in particular, is putting a drag on economies across Central Asia.

The time has come to re-evaluate Kazakhstan’s social contract. Is President Kassym-Jomart Tokayev up to the challenge?

Will the government target all assets spirited abroad or only those owned by specific individuals? 

If Kazakhstan wants long-term economic growth, it needs economic and political constraints and counterweights.