Kazakhstan

Kazakhstan in CAREC

  • Kazakhstan joined CAREC in 1997
  • Since 2001, more than $8.27 billion has been invested in transport, trade, and energy
  • 15 ongoing CAREC projects
  • 8 completed CAREC projects

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

The Asian Development Bank (ADB) has approved a $240.3 million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. Read more

View all CAREC projects in Kazakhstan

(Photo credit: ADB)


Dangerous, gravel road that was hindering Kazakhstan’s trade with the world

A single, critical roadway was hobbling Kazakhstan's efforts to expand trade with Asia and Europe - that is changing. Read more

Aktau-Beineu Road Project


Almaty and Bishkek to develop first CAREC economic corridor

At the 13th CAREC Ministerial Conference in Bishkek, the city administrations of Almaty and Bishkek signed a memorandum of understanding to develop the Almaty-Bishkek Corridor as an economic corridor. Read more

Memorandum of Understanding on the Almaty-Bishkek Economic Corridor Initiative

Operationalizing Economic Corridors in Central Asia: A Case Study of the Almaty-Bishkek Corridor

 

CAREC in Kazakhstan

Kazakhstan has participated in the CAREC Program since 1997, embracing a vision of cooperation with its neighbors to achieve a new era of development and prosperity.

As a founding member of CAREC, Kazakhstan is working with other member countries to overcome barriers to growth and connectivity, and to place the region at the heart of Eurasia's trade and commerce as global markets increasingly integrate.

Kazakhstan’s first contribution to regional cooperation involved one of the CAREC Program's earliest initiatives. In 2000, the program began to rebuild the road between the commercial city of Almaty and the Kyrgyz Republic capital of Bishkek.

The route became an integral part of CAREC Corridor 1, one of the six CAREC corridors in the current version of the Silk Road, which stretches from the People's Republic of China (PRC) to Azerbaijan, in the Caucasus, and farther west to Europe; and from south Kazakhstan to the ports of Pakistan.

Key Projects

CAREC Corridor 2 Road Investment Program (Mangystau Oblast)

The reconstruction of about 790 kilometers of road section in Mangystau Oblast is partly funded by an Asian Development Bank multitranche financing facility worth $800 million. Read more

As of 2015, more than $8.27 billion has been invested in Kazakhstan through the CAREC Program for projects that have improved transport, trade, and energy infrastructure.

More importantly, these projects support better integration among CAREC countries and aim to harness each country's vast natural and human resources.

Kazakhstan’s critical role in transport is reinforced by the fact that four of the six CAREC corridors pass through its territory. The most vital of these are CAREC Corridor 1, an important cargo-transit route from the PRC, through the Kyrgyz Republic and Kazakhstan, to the Russian Federation and then Europe; and CAREC Corridor 2, an east–west conduit linking Kazakhstan with the PRC and the Russian Federation, and with the Caucasus and points beyond.

With its strategic location, and abundant resources in a territory bigger than Western Europe, Kazakhstan is in a strong position to benefit from the growing international trade along the new Silk Road network, which is being built by the CAREC Program.

View all Kazakhstan projects

View all projects by corridor

 

Economic Outlook

Highlights from the Asian Development Outlook 2016:

Continued weak oil prices slashed growth and pushed the current account into deficit for the first time since 2009. Growth is expected to remain low at 0.7% in 2016 but recover slightly to 1.0% in 2017, reflecting higher countercyclical outlays. Policy must address financial vulnerabilities that stem from low oil prices, persistent problems with nonperforming loans, and further dollarization. Read full report

More economic and social indicators for Kazakhstan from the World Bank's World Development Indicators online.

Human Development

The United Nations Development Programme prepares reports on human development in Kazakhstan.