The World Bank Group is preparing a new Country Partnership Framework (CPF) for Kazakhstan for the next six years. The CPF is a strategic document that sets priority areas for World Bank Group support in a country and will guide the collaboration between the World Bank Group and the Government of Kazakhstan. It supports the implementation of critical government priority projects and policy reforms aimed at reducing poverty and boosting shared prosperity, using the full range of available World Bank Group financial and analytical instruments, including investment financing, budget support linked to key reforms, guarantees, and analytical and technical advisory services among others.
To guide the CPF, the World Bank Group is holding consultations with a variety of stakeholders, including government agencies, civil society, academia, think tanks, development partners, and the private sector. The objective of these consultations is to seek views on the key development challenges facing Kazakhstan and the areas where the World Bank Group should concentrate its financial and knowledge support, so that this support has the greatest possible impact in achieving long-lasting development outcomes, reducing poverty, and creating more and better jobs.
The new framework plans to focus on supporting Kazakhstan’s infrastructure development, natural resource management, and stronger institutions for economic management, innovation, and job creation, with the overarching objective of enhancing economic competitiveness and crowding in critical investment. It will be developed under a One World Bank Group approach, with fully integrated teams across the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) collaborating to design and implement coordinated development solutions.
It is proposed to design a forward-looking CPF anchored around 4 strategic outcomes and one cross-cutting outcome:
* Regulatory quality, as part of the WBG Governance Indicators, captures the ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.