Kazakhstan has approved a three-year program of joint actions by the Government, the National Bank, and the Agency for Regulation and Development of the Financial Market, covering 2026–2028. It aims to ensure sustainable economic growth and increase real incomes of the population. Key targets include achieving economic growth of at least 5% per year, reducing inflation, and decreasing the state’s share in the economy. It also provides for expanded support for businesses, a transition to a new model of economic assessment, stimulation of non-resource growth, and the development of the financial sector, innovation, and digitalization, including AI projects. Measures to increase employment and strengthen targeted social assistance are included as well. The program further covers improvements in tariff and investment policies. Overall, the priority is on the quality of economic development.
«One of the key factors driving economic growth remains the active implementation of investment projects in priority sectors. Involving second-tier banks’ capital in lending to the real sector will provide a significant boost to the development of the domestic economy. Through joint efforts, it is necessary to develop additional effective financial instruments and to simplify and digitize the entire business lending process. Minimizing administrative barriers and increasing flexibility in working with investors will help expand the share of corporate lending. The government faces a large-scale task of implementing a proactive investment policy,» noted Kazakh Prime Minister Olzhas Bektenov.
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