26 février 2018
European Bank for Reconstruction and Development (EBRD) would like to invite you to the following presentation:
EBRD Transition Report 2017-18
on 26 February 2018 at 16:00
Venue: Almaty, 181 Zheltoksan str., InterContinental Hotel, Ballroom 2, ground floor
Please join us for the presentation of the Transition Report, the EBRD’s annual update on reform progress and economic developments in its countries of operation.
Ms. Helena Schweiger, Associate Director, Senior Economist, EBRD will present the findings of the report and Dr. Hans Holzhacker, Associate Director, Regional Lead Economist will give an overview on Kazakhstan Economy. They will answer your questions during an informal follow up discussion.
This year’s Transition Report discusses the challenge of sustaining economic growth in the EBRD’s countries of operations. This challenge is threefold. First, while the countries of the EBRD region enjoyed strong growth and convergence with their richer neighbours prior to the global financial crisis of 2008-09, since the crisis their growth rates have consistently been lower than those of similar emerging markets elsewhere in the world. Second, many of those countries have now reached middle-income status and have to overcome the problem of the “middle-income trap”. And lastly, in order to ensure that growth is sustainable in the long run, those countries need to develop environmentally friendly growth models.
Kazakhstan’s economy currently shows solid growth, but needs digitalization, greening and more diversification. Kazakhstan grew 4 per cent in 2017 thanks to higher investment and a higher foreign trade surplus while real incomes fell and consumption increased only moderately. Inflation is on a downward trend, the central bank reduced its base rate. Economic prospects are positive. There is no room for complacency, however. To avoid the middle-income trap, to cope with the Green Transition, to utilise the new opportunities and challenges of intensified regional and global integration brought about by China’s Belt and Road Initiative and the opening up of Uzbekistan, Kazakhstan has to depart on a new growth model. The authorities have taken a series of initiatives to support this process.
Please feel free to pass this invitation on to colleagues who might be interested to attend.
The simultaneous translation Russian-English-Russian will be provided at the event.
RSVP: Please confirm your participation by sending email to EBRDAlmatyinfo@ebrd.com or call +7 727 3320021 by 20 February2018.
|1 EUR||410.75 KZT|