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Tengrinews.kz - President Kassym-Jomart Tokayev stated at the extended government meeting that lengthy approval and decision-making processes stem from officials’ reluctance and fear of taking responsibility.
"In the development of investment projects, too much time is still spent on interagency coordination. The government must work more efficiently and eliminate excessive bureaucracy. These prolonged approval procedures and decision-making delays are directly linked to officials’ unwillingness and fear of taking responsibility. This needs to be addressed openly," Tokayev said.
The Head of State noted that last year, 180 investment projects worth 1.3 trillion tenge were implemented in the manufacturing sector.
"As a result, the sector grew by nearly 6 percent, the highest rate in the past decade. This positive trend must be sustained and made irreversible. Another critical issue is attracting investment into the economy. According to UN data, Kazakhstan performs quite well in this regard. An Investment Headquarters has been established to expedite investor-related decisions," Tokayev said.
According to the president, the headquarters has accelerated the implementation of several projects by eliminating bureaucratic obstacles and legal inconsistencies.
"But the main task is not just to resolve isolated issues but to systematically improve the country's investment climate," Tokayev emphasized.
As a reminder, an extended government meeting with the participation of the President is taking place in Astana. Today's meeting will summarize the country's socio-economic development for 2024, and identify key tasks for the coming period. Prime Minister Olzhas Bektenov, Chairman of the National Bank Timur Suleimenov, as well as akims of a number of regions will deliver reports.
Officials gather for extended government meeting with Tokayev
