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).
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.
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.