Baku, Azerbaijan, Jan. 15
By Nigar Guliyeva – Trend:
The World Bank plans to approve the Country Partnership Framework for Kazakhstan in July 2018, the WB Astana office told Trend.
"This year we are looking at the results of our work in Kazakhstan over the last 5 years, and in consultation with our counterparts will develop a new Country Partnership Framework (CPF) for Kazakhstan for 2018-2022," the Bank said.
As for the financing volume planned for 2018, the office stressed that since the new Country Program Framework is in the process of development, the lending program including Advisory Services is yet to be discussed with counterparts and identified accordingly.
The Country Partnership Strategy 2012–17 was designed to ensure continued strong government ownership of the Bank-supported programs and concentrates on the Government’s key priorities of competitiveness and jobs; strengthened governance in public administration and service delivery; and the safeguarding of the environment.
Since 1992, the Bank has provided 46 loans to the country for a total amount of more than $8 billion across many sectors including transportation, environmental protection, and institutional building in the areas of education, health, innovations, and the revenue administration agenda. Analytical work and policy dialogue helped inform policies in priority areas, such as fiscal sustainability, education, health, innovation and private sector development.
Current WB’s active portfolio in Kazakhstan comprises 13 investment projects, including 3 TF-funded projects, with a total net commitment of $3.8 billion.