Minister of National Economy discusses economic cooperation with Citigroup representatives

Minister of National Economy of Kazakhstan Alibek Kuantyrov met with Global Head Public Sector Corporate and Investment Banking at Citigroup Julie Monaco in Washington, DC.

During the meeting, the parties discussed the issues of mutually beneficial cooperation, including attracting investments and implementing joint projects.

In particular, Minister spoke about the economic situation in Kazakhstan, the Government's response to global turbulence, changes in fiscal policy and socio-economic reforms initiated by President Kassym-Jomart Tokayev.

The minister specifically dwelled on the counter-cyclical budgetary rules that are being introduced, which should ensure long-term sustainability of the budget.

In turn, Julie Monaco positively assessed the ongoing reforms in Kazakhstan and noted the importance of further continuation in order to maintain investment attractiveness.

In addition, the parties discussed the development of the "green" economy. A. Kuantirov stressed that Kazakhstan will make every effort to achieve carbon neutrality by 2060. The state also stimulates the active implementation of ESG standards in the corporate and quasi-public sectors of the economy.

Following the meeting, the interlocutors agreed to strengthen interaction and bring economic cooperation to a new level.