Kazakhstan

Kazakhstan’s president Tokayev announced an ambitious three-year reform plan to foster inclusive economic growth. Key focus areas include energy self-sufficiency, privatization, and tax reform. Following the announcement, several ministers were dismissed, and the central bank governor was replaced by former economy minister Mr. Suleimenov. According to a Bloomberg report, local critics have faulted the central bank for its tight monetary policy. The sweeping changes indicate a major policy shift and suggest that Kazakhstan is preparing for significant structural reforms.