OECD Chief to Pay a Visit to Kazakhstan in May, Focus on AIF Matters
Kickin' it Kazakhstan-Style with the OECD! 🇿🇦 🇰🇼
Mark your calendars! In May, Mathias Cormann, the hotshot Secretary-General of the Organization for Economic Co-operation and Development (OECD), is touching down in the capital of Kazakhstan to spice things up at the swanky Astana International Forum. The news comes straight from the Kazakh Ministry of National Economy, so you know it's the real deal! 🔥
However, long before Cormann's arrival, Kazakh Deputy Prime Minister and Minister of National Economy, Serik Zhumangarin, was already breaking it down with William Thompson, head honcho of the Eurasia Division in the OECD Global Relations Secretariat. In a sick meeting on March 12, they got down to business, highlighting Kazakhstan's strides in adapting OECD standards in public administration, macroeconomic policies, investment, and competitiveness, since 2008 📈.
Now, what's a bromance without shared goals? The party emphasized crucial aspects of cooperation with OECD, such as:
- The Stability Game: Kazakhstan aims to tame inflation and create a stable economy, joining forces with OECD's quest for global economic prosperity by crafting policies that stabilize the economic climate and navigate economic upheavals effectively. 😎
- From Oil to Innovation: Wising up to the perils of overreliance on oil and gas, the country's eyeing a new horizon, nowhere to go but up. OECD gives a helping hand by providing suggestions for investment in manufacturing and service sectors, helping to diversify Kazakhstan's economy like a boss 💼!
- The Digital Revolution: Kazakhstan's ready to level up its digital infrastructure and services, aiming for a more technologically advanced economy. OECD delivers the knowledge bombs necessary to develop sound digital policies, promote digital innovation, and make strides towards a truly digitalized nation. 💻
- Innovation Nation: With long-term growth in mind, developing an innovative ecosystem is a must for Kazakhstan. The OECD steps in with best practices for encouraging start-ups, boosting R&D, and enhancing the business environment 🏢.
With the OECD's expert guidance, the future's bright for Kazakhstan. The region might soon be graced with a new OECD office, taking root in Astana. But for now, the spotlight's on partnering up for the Eurasia Competitiveness Program, designed to spur reforms across the region's countries.
Plus, in the near future, they'll be hashing out a fresh OECD-Kazakhstan Action Plan, outlining their priorities for collaboration over the coming years. Thompson's got the hot take: "We're stoked to update the action plan, as it'll define the game plan for bilateral cooperation!" 🔥🤝
Stay tuned for more dope developments between Kazakhstan and the OECD! 🔜
Finance is a vital aspect as Kazakhstan and the OECD aim to collaborate on crafting policies that stabilize the economic climate and navigate economic upheavals effectively. Business diversification is also on the table, with OECD providing suggestions for investment in manufacturing and service sectors to lessen Kazakhstan's dependence on oil and gas.