In this research engagement, the Growth Lab is collaborating with the Astana International Financial Center (AIFC) in Kazakhstan, a government-launched cluster of modern institutions aimed at rebooting the financial sector of the country.
The Growth Lab will identify binding constraints to sustainable growth in Kazakhstan and will provide research based inputs to inform the Government’s formulation and implementation of policies aimed at sparking sustainable and inclusive growth, promote export diversification, and attract investments. The Growth Lab is also providing research inputs to support AIFC in its efforts to build state capacity in key policymaking institutions in the country.
The main aim of the project is to advance research towards proposing policies to boost economic growth and development in Kazakhstan, with particular emphasis on reducing socioeconomic inequalities. These policies take into account Kazakhstan’s macro-fiscal circumstances as well as the need to diversify away from a primarily minerals- and commodity-based economy to one that has complementary engines of growth and employment.