Kazakhstan

The Kazakh President accepted the government’s resignation, appointing Roman Skylar as the acting PM. Although the timing was unexpected, the notion of the previous Cabinet being temporary was widely rumored. Given highly centralized decision-making process in Kazakhstan, this change is unlikely to significantly impact the overall policy direction, which is expected to remain consistent. An extended leadership meeting scheduled for February 7th will likely introduce new policies/reforms. Separately, the government forecasts economic growth of at least 5.3% in 2024.