Kazakhstan holds the 140th place in the Transparency International's Corruption Perception Index and struggles to create a comprehensive anti-corruption program.
President Nursultan Nazarbayev has endorsed a law on ratification of the agreement on a loan between Kazakhstan and the International Bank for Reconstruction and Development.
Kazakhstan’s Prime Minister Karim Massimov considers that preventive methods are a more effective way of fighting the shadow economy and corruption rather than punitive measures.
The upcoming property legalization in Kazakhstan has received a mixed assessment of its effectiveness for combating capital flight offshore from several experts.
Kazakhstan’s lower chamber of the parliament (Majilis) approved the draft law On Ratification of the Agreement on Security Cooperation in the Caspian Sea.
According to the Head of State, investors will be exempted from having to pay a corporate income tax for a 10-year period; among other things, efforts will be taken to ensure legislation stability and simplify import of foreign workforce.