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KAZAKHSTAN

Kazakhstan enjoyed strong economic performance from 2000 to 2007, but as a result of the global economic crisis, GDP growth sharply declined in 2008 and 2009. An anti-crisis fiscal stimulus program and favorable commodity market developments have contributed to economic recovery in 2010. The economy was, and remains highly resource-dependent. Therefore, reducing resource dependence by diversifying the economy is a key development challenge for the country. In the first few years after Kazakhstan independence, the World Bank focused on helping the country to implement financial and private sector reforms. After 1997, the focus shifted to public administration reform, with specific attention to improving the country's welfare and social protection policies. At present, the World Bank is assisting the country with prudent management of oil revenues, promoting competitiveness, investing in human capital and basic infrastructure, and ensuring environmentally friendly growth and mitigating ecological liabilities of the past.

Active financed activities as of March 28, 2012.
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