Economic growth in Kazakhstan should be stable and balanced: Kazakhstan’s PM Massimov

Karim Massimov. Photo courtesy of government.kz

“Economic growth should be balanced and stable. This way we will lay solid [economic] foundations for the current and future generations”, Mr. Massimov said when speaking at the EBRD annual meeting held in Astana. According to him, to this end, “the Government is mobilizing both private and public resources to implement concrete initiatives aimed at diversification and at ensuring greater energy and labor efficiency”. The Prime Minister stressed that “large investments are injected to raise the overall living standards of Kazakhstan’s people… We are providing a greater access to education; work on quality of public services. We are working to enhance vocational training. Substantial amounts are spent on raising healthcare standards. These are major “bricks” to help us raise competitive labor force. We are also working on introduction of new IT systems”, Massimov said. The Annual Meeting brings together the EBRD’s Board of Governors, namely the government ministers and other senior officials who represent the Bank’s shareholder countries and organisations. The Governors review the EBRD’s activities to support recovery in the region and give strategic guidance on the Bank’s operations in the period ahead. The Board of Governors sessions will be staged alongside the established Business Forum programme, launched this year under the theme “Supporting Markets – Asia Meets Europe”.

“Economic growth should be balanced and stable. This way we will lay solid [economic] foundations for the current and future generations”, Mr. Massimov said when speaking at the EBRD annual meeting held in Astana. According to him, to this end, “the Government is mobilizing both private and public resources to implement concrete initiatives aimed at diversification and at ensuring greater energy and labor efficiency”. The Prime Minister stressed that “large investments are injected to raise the overall living standards of Kazakhstan’s people… We are providing a greater access to education; work on quality of public services. We are working to enhance vocational training. Substantial amounts are spent on raising healthcare standards. These are major “bricks” to help us raise competitive labor force. We are also working on introduction of new IT systems”, Massimov said. The Annual Meeting brings together the EBRD’s Board of Governors, namely the government ministers and other senior officials who represent the Bank’s shareholder countries and organisations. The Governors review the EBRD’s activities to support recovery in the region and give strategic guidance on the Bank’s operations in the period ahead. The Board of Governors sessions will be staged alongside the established Business Forum programme, launched this year under the theme “Supporting Markets – Asia Meets Europe”.

Massimov Kazakhstan EBRD Astana