In his annual address to the nation, Nursultan Nazarbayev, the President of Kazakhstan, announced five main priorities as part of what he described as “Kazakhstan’s third stage of modernisation”. The priorities are aimed at ensuring economic growth and supporting the country to become one of the top 30 most developed countries in the world by 2050.

The five priorities are: Accelerationof technological modernisation of the economy, improved business environment, macroeconomic stability, improved quality of human capital and institutional reforms, including improved security and more action to tackle corruption.

President Nazarbayev said in his annual address: “I am setting the task of ensuring the implementation of the Third Modernisation of Kazakhstan. It is necessary to create a new model of economic growth that will ensure the country’s global competitiveness.”

He added: “This modernisation is not a plan to combat current global challenges, but a reliable bridge to the future, to meet the objectives of Kazakhstan 2050 Strategy. It will be carried out on the basis of the 100 Concrete Steps Plan of the Nation.”

The Head of State also instructed the Government to developa package of measures for the technological re-equipment of basic industries by 2025.

The annual address followed a special announcement given by the President last week, in which he set out bold plansto increase the powers of parliament. President Nazarbayev stated that these constitutional reforms are aimed at furthering the democratic development of Kazakhstan, as the Government will be accountable to parliament.

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