August 21, Astana, Kazakhstan. Kazakhstan and Moody’s International credit rating agency have discussed the country’s investment climate, Trend reported.
The news was announced following a meeting between the agency’s analysts and Kazakhstan’s Deputy Foreign Minister Alibek Kuantirov, Kazakhstan’s Foreign Ministry Investment Committee Chairman Gavidullah Ospankulov, and Kazakhstan’s Investment Board Vice Chairman Madyar Sultanbek.
At the meeting, the parties discussed Kazakhstan’s medium-term investment prospects, investment evaluation criteria and international strategic partnerships.
Alibek Kuantirov spoke to representatives of institutions about plans to improve the investment climate.
“Kazakhstan’s accession to the OECD could be a driving force, as it would align the country’s socio-economic policies with the organization’s high standards. Kazakhstan is already implementing a number of economic reform and modernization projects, including industrialization and digitalization programs. Kazakhstan also plays a key role in Central Asia and is attractive to investors due to its strategic location between Europe and Asia. Since 2017, we have been an associate member of the OECD Investment Committee,” he said.
Gavidullah Ospankulov mentioned the existing state support measures for investors and the activities of the National Digital Investment Platform, and detailed promising sectors such as oil and gas, mining, green energy, innovation and manufacturing.
Moody’s expects Kazakhstan’s economy (positive Baa2) to continue growing.
This is because trade volumes have increased and migrants and funds have flowed in despite the military conflict within Ukraine.
