In 2024, Kazakhstan embarked on a transformative path with significant legislative reforms to strengthen the national scientific system, boost investment, and enhance social protections, all while addressing key challenges for development.
National Development Plan until 2029
The government adopted the National Development Plan until 2029, which outlines the country’s medium-term strategy and key national indicators. The plan is based on five principles: fostering competition, protecting entrepreneurship through transparent economic policies, enhancing education and creativity, boosting economic productivity, and addressing regional inequalities.
Structural reforms are central to liberalizing the economy. A decree, guided by President Kassym-Jomart Tokayev’s February directive, focuses on institutional support, including establishing the National Privatization Office and improved governance of the Samruk Kazyna Sovereign Welfare Fund and its subsidiaries. The reforms also aim to simplify regulations for business operations by digitizing access to quasi-government services and easing utility connection processes.