Kazakhstan Development Finance Assessment

By Asian Development Bank

Meeting the 2030 Agenda requires unprecedented investment from different sources of finance, ambitious strategies, and structural reform. In recent years, total available development finance in Kazakhstan stagnated and decreased significantly as a share of gross domestic product. This publication presents a comprehensive analysis of trends in public and private finance, along with existing policies and partnerships in place. It discusses the feasibility for Kazakhstan to establish a financing mechanism to maximize development finance and resource allocation to achieve the Sustainable Development Goals.

• Language: English
• Publisher: Asian Development Bank
• Release date: Feb 1, 2021
• ISBN: 9789292626556

Book preview

KAZAKHSTAN DEVELOPMENT FINANCE ASSESSMENT

FEBRUARY 2021

Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

© 2021 Asian Development Bank

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Some rights reserved. Published in 2020.

ISBN 978-92-9262-654-9 (print);978-92-9262-655-6 (electronic); 978-92-9262-656-3 (ebook)

Publication Stock No. TCS200428-2

DOI: http://dx.doi.org/10.22617/TCS200428-2

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In this publication, $ refers to United States dollars.

Cover design by Ivanov Pavel.

Commissioned by the Asian Development Bank (ADB) and UNDP. Drafted by Gregory De Paepe, independent consultant, and TALAP Center for Applied Research, under the supervision of Aigerim Yegemberdiyeva (United Nations Development Programme) and Genadiy Rau (ADB).

Preliminary findings of this analysis were presented at the First Regional SDG Summit: Mobilization of financial resources for the implementation of sustainable development goals organized by the Government of Kazakhstan with the support of ADB and the United Nations Development Programme in Kazakhstan, that took place on 15-16 November 2019.

Contents

Tables, Figures, and Boxes

Foreword

Meeting the United Nation’s 2030 Agenda requires unprecedented investment from different sources of finance, ambitious strategies, and structural reform. A challenge for governments around the world is to ensure that resources are raised, channeled, and translated into measurable results to meet the targets set by the Sustainable Development Goals (SDGs). Coupled with the volatile macroeconomic, financial and political environment, the capacity of governments to mobilize, sequence, and make effective use of financing sources is more than ever at the center of the SDGs’ debate.

With the aim of responding to the growing demand of countries which are not seeking only larger, but also better quality SDG financing, the United Nations Development Programme (UNDP) has developed the Development Finance Assessment (DFA)—a range of tools in support of these efforts that offers a comprehensive analysis of existing financial resources and identifies opportunities to strengthen the overall institutional financing architecture.

In 2019, UNDP and the Kazakhstan Resident Mission of the Asian Development Bank (ADB)