Tokayev ratifies partnership agreement with World Bank amid economic growth efforts
Kazakhstan's President Kassym-Jomart Tokayev signed three new laws in Astana. These include a partnership agreement with the World Bank to support sustainable development. The laws aim to enhance economic growth even as challenges persist.
Partnership Agreement with World Bank
President Tokayev ratified a framework agreement with the World Bank Group, including the International Bank for Reconstruction and Development, the International Finance Corporation, and the Multilateral Investment Guarantee Agency. The agreement aims to enhance cooperation for Kazakhstan's sustainable development and economic growth. According to Tengrinews, the agreement will expand financial tools for projects focused on infrastructure development and improving living standards. The partnership also seeks to support macroeconomic stability and fiscal sustainability.
Changes to Aviation Convention
Tokayev also signed laws ratifying protocols amending Articles 50 and 56 of the Convention on International Civil Aviation. These amendments are intended to update international aviation regulations. The changes involve collaboration with international aviation bodies to ensure compliance with global standards. The ratification reflects Kazakhstan's commitment to maintaining high aviation safety and regulatory standards.
What's Next
The new laws are set to be published in the official press soon. It remains unclear how these changes will impact Kazakhstan's economic and aviation sectors in the short term.
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Tokayev ratifies partnership agreement with World Bank amid economic growth efforts
