A meeting of the Coordination Council on Cooperation between the Government of Kazakhstan and International Financial Organizations was held in the Government House under the chairmanship of Prime Minister Olzhas Bektenov, DKNews.kz reports.
The discussion focused on strengthening cooperation with international financial institutions in the context of economic reforms and the implementation of major investment projects. Participants reviewed the progress on decisions made at the previous Council meeting, explored ways to streamline and accelerate project implementation procedures, and discussed prospects for expanding joint programs.
A Single National Contact Point for Global Partners
Prime Minister Bektenov announced that, following the instruction of the Head of State, Asset Irgaliyev, Chairman of the Agency for Strategic Planning and Reforms, has been appointed as Kazakhstan’s national contact person for cooperation with international financial organizations.
According to the Government, this approach is expected to improve project discipline, enhance coordination, and ensure greater alignment of joint programs and analytical research with international partners.
Proposal for a Long-Term Investment Plan
During the meeting, World Bank Representative in Kazakhstan Andrey Mikhnev proposed approving a multi-year investment plan that would cover public borrowing and state guarantees, with clearly defined sources of financing. Such a plan, he noted, would improve strategic planning and ensure more efficient implementation of priority programs.
Energy Transition as a Strategic Investment Priority
A separate block of discussions was devoted to energy transition initiatives. Participants reviewed proposals to establish a country-level investment platform designed to consolidate priority energy transformation projects and attract long-term international financing.
The importance of energy transition was emphasized not only in terms of climate policy, but also as a tool to:
- improve energy supply reliability,
- accelerate technological modernization,
- and increase investment attractiveness.
Throughout 2025, Kazakhstan’s Ministries of Energy, Ecology, and Natural Resources, together with the European Bank for Reconstruction and Development (EBRD), worked on the concept of the Kazakhstan Just Energy Transition Platform (KazJETP), with a primary focus on the energy sector.
The platform is viewed as an integrated and systemic mechanism to mobilize large-scale international financing and support Kazakhstan’s climate goals. It aims to coordinate climate finance by bringing together resources from international financial institutions, government bodies, and the private sector.
Infrastructure, Water Management, and Flood Risk Reduction
The meeting also addressed the implementation of several infrastructure projects supported by international financial organizations, including initiatives in:
- water resource management,
- flood risk mitigation,
- and municipal infrastructure development.
Among them are projects involving the Asian Development Bank, such as the construction of the Esil counter-regulator on the Esil River in Akmola Region and the reconstruction of wastewater treatment facilities in the city of Stepnogorsk.
Government’s Position
Prime Minister Bektenov подчеркнул that cooperation with international financial institutions plays a key role in ensuring sustainable economic development and attracting investment into priority sectors. The Government reaffirmed its commitment to supporting initiatives that deliver long-term impact and to responding promptly to emerging challenges.
Following the meeting, state bodies were instructed to work closely with international partners to further develop the proposed initiatives, ensure coordinated actions, and guarantee the timely implementation of joint investment projects.
