Promoting green and inclusive growth
Supporting women and rural entrepreneurs
Backing health and higher education institutions
Five times the size of France, Kazakhstan is one of the world’s largest countries. But with a population of 19.6 million people, it is also one of the least densely populated countries. With its central position between Europe, Russia and China, it has the largest economy in Central Asia.
A major oil exporter, it experienced tremendous growth in the 2000s, resulting in a reduction of poverty and social inequalities. In 2022, its GDP per capita reached $11,477. Kazakhstan has the ambitious objective of becoming one of the 30 global economic leaders by 2050. It also aims to achieve carbon neutrality by 2060.
To achieve a sustainable development model, it now needs to diversify its economy (which is highly dependent on oil production), modernize its infrastructure, and develop the social sector.
We have been operating in the region since 2015, following the opening of its Central Asia Office in Tashkent, the capital of neighboring Uzbekistan. AFD's work here is part of our mandate to promote green and inclusive growth.
AFD is also considering providing loans and technical assistance to the Government and public institutions in the health and water sectors.
Our work in Kazakstan is directly attached to AFD's Eurasia regional office in Istanbul.
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