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Monthly Archives: September 2016
Maxat Mukhanov. About the current economic situation
Maxat Mukhanov. About the current economic situation

A sharp change in the parameters of the global economy and foreign economic situation in 2015-2016 seriously actualized the need for an adequate response and the development of practical measures aimed to neutralize negative scenarios for developing countries, especially for those that are rich in natural resources. Thus, Saudi Arabia has announced “Saudi Arabia’s Vision 2030”, the ambitious plan of economic reforms, according to which the country will diversify its economy by 2030. Among the key measures – the rapid development of the private sector, improvement of the business environment and the state apparatus, the support of non-oil exports and the development of the National Investment Fund to about $1.9 trillion. At the same time, world practice indicates the absence of an example of the deep economic and structural changes in a relatively short period.

Sanat Kushkumbayev. Transcontinental routes of Eurasia and Kazakhstan: new opportunities and challenges
Sanat Kushkumbayev. Transcontinental routes of Eurasia and Kazakhstan: new opportunities and challenges

The role of international transport communications has been and remains very important for Kazakhstan and other countries of Central Asia. Remoteness from intensive global transport flows, the relative isolation from southern and eastern neighbors, and the backwardness of a wide range of communications are becoming a large factor limiter for the development of full-scale economic trade and other relations with potential partners.

Vyacheslav Dodonov. The financial sector of Kazakhstan in the period of low oil prices – the state and the key issues
Vyacheslav Dodonov. The financial sector of Kazakhstan in the period of low oil prices – the state and the key issues

The fall in global commodity prices has significantly complicated the situation in the financial sector of Kazakhstan at all levels – from the deterioration of the financial state of enterprises to aggregative macroeconomic indicators. The manifestation of problems began in 2014, at the end of which there was a drop in oil prices, and gained its momentum in 2015, during which oil prices continued to fall, which was reflected first on macroeconomic indicators, and by the end of the year, reached the micro-level (businesses and households).

Alisher Tastenov. About the new rearrangements in the Government of the Republic of Kazakhstan

New rearrangements in the Government of the Republic of Kazakhstan are caused by a number of systematic factors of further development of the country. First of all, it is caused by the necessity to stabilize the socio-economic situation in the country. Therefore a key emphasis in the work of the new cabinet will be the implementation of new measures aimed to stimulate the growth of the national economy. Apparently, a new course of actions on this area will be developed in the near future. Given the escalation of religious extremism and terrorism in recent years, the question of safety and effective response is very crucial right now. It is important to remember that there is still a yellow level of terrorist threat in Kazakhstan after the July events in Almaty. In this regard, the rearrangements are aimed to level possible terrorist threats and attacks. Appointment of Karim Masimov, who have proven himself as an efficient leader and crisis manager, on the position of a chairman of NSC will significantly enhance the level of committee’s work in this direction.

Maxim Kaznacheyev. The influence of NGOs on the increase of civic engagement in Kazakhstan
Maxim Kaznacheyev. The influence of NGOs on the increase of civic engagement in Kazakhstan

One of the most important directions of state policy in Kazakhstan is providing favorable conditions for development of civil society institutes. The question of state cooperation with nongovernmental organizations is becoming more and more important in the context of the current political events in the country.  Today in Kazakhstan there is a necessary balance of factors and conditions for formation of professional non-governmental sector.

Hangzhou consensus and its significance for the global economy: summary of the G20 summit (September 4-5, 2016)

A few days ago G20 summit in Hangzhou (China) completed its work. Its main theme was – “Construction of innovative, healthy, coherent and inclusive global economy”. It is time now to evaluate the results of this important international forum. I will focus only on some of the most pressing moments. First, the G20 summit participants has noted that the global economy is experiencing a period of recovery, but the level of economic growth is still below desired. Downside risks still remain due to potential volatility in financial markets, commodity price fluctuations, slow pace of trade and investment growth, and also weak growth of labor markets in particular countries. Prospects for global economic growth are also complicated by geopolitical events, the increase in flow of refugees, terrorism and international conflicts.