ASTANA, Kazakhstan, August 21. Kazakhstan and Moody's international rating agency discussed investment climate of the country, Trend reports.
The news followed a meeting between the analysts of the agency with the Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov and Deputy Chairman of the Board of Kazakh Invest Madiyar Sultanbek.
During the meeting the parties discussed medium-term investment forecasts, investment evaluation criteria and international strategic partnership of Kazakhstan.
Alibek Kuantyrov told the representatives of the agency about plans to improve the investment climate.
“The impetus may be Kazakhstan's accession to the OECD, which will mean bringing the country's socio-economic policy in line with the high standards of the organization. Kazakhstan is already implementing a number of economic reforms and modernization projects, including industrialization and digitalization programs. In addition, Kazakhstan plays an important role in Central Asia and its strategic location between Europe and Asia makes it attractive to investors. Since 2017, we are an associate member of the OECD Investment Committee,” he said.
Gabidulla Ospankulov noted the existing measures of state support for investors, the activities of the National Digital Investment Platform and elaborated on promising sectors, such as the oil and gas, and mining sectors, and green energy, innovation and manufacturing sectors.
Meanwhile, the Moody's expects Kazakhstan's economy (positive Baa2) to continue to grow.
The reason for this is the support of higher trade volumes and the influx of migrants and funds against the backdrop of the military conflict in Ukraine.