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Kazakhstan’s Government adopts plan to secure 7% economy growth

05 may 2011, 19:11
0
Karim Massimov. Photo courtesy of government.kz
Karim Massimov. Photo courtesy of government.kz
Kazakhstan’s Government has adopted an action plan to secure 7% economy growth in 2011, Prime Minister Karim Massimov wrote in his Twitter account.

“The Council for Economic Policy under the Government has held a sitting. We have adopted an action plan to secure 7% economy growth”, he announced.

The task to ensure 7% growth was set by President Nazarbayev at an extended sitting of the Government mid-April.
Economic and Social Commission for Asia and the Pacific estimates 2011 Kazakhstan’s economy growth at 6.2%, said Noeleen Heyzer, Executive Secretary of United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).

“After the moderate 1.2% in 2009, the economy growth bounced back up to 7% in 2010 against the backdrop of favorable external economic conditions (…) The economy is set to grow by 6.2% in 2010”, Noeleen Heyzer said today, May 5, in Astana when presenting the annual ESCAP report on the economic condition of the region.

She pointed out that “strong response of the Government was vital to stabilize the banking sector and secure the economy upturn”.

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