Kazakhstan announces post Covid-19 economic development plan

PHOTO: Wikimedia Commons/http://en.kremlin.ru/ / CC BY (https://creativecommons.org/licenses/by/3.0)

KUALA LUMPUR — President of Kazakhstan, Kassym-Jomart Tokayev announced seven main issues that needs to be resolved as part of its post COVID-19 economic development plan in the near future.

In his speech issued by the embassy here today, Tokayev said his goverrnment will focus on the development priorities during and after the crises, as the key is to protect the life and health of all citizens and increase their income.

“Significant reforms will be required by the energy sector, After the crisis, it will not be the same, In the medium term, a move towards green energy is an urgent need,” said Tokayev.

Kazakh government will continue to provide maximum support to farmers while financing mechanisms will be expanded through the introduction of off-take contracts and debt restructuring of KazAgro loans.

The President also announced that Kazakhstan wil allocate around 1 trillion tenge (US$2.3 billion) for the implementation of the Employment Roadmap.

Among the other 5 issues of concerned listed out is the need for a powerful incentive for economic development, employment growth, social justice and support for national business.

Meanwhile. Kazakhstan Ambassador to Malaysia, Bolat Imanbayev said that the decision to end the emergency state in the country since 11 May, comes as a result of the success in dealing with the Covid-19 pandemic in the country.

“This is proof of the good results Kazakhstan gained in dealing with the pandemic under President Tokayev’s leadership”, he added.


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