According to ADB website, the ADB is working with Kazakhstan to help mitigate the impact of the steep fall in oil prices and the economic slowdown in neighboring countries. The project is contributing to job creation, the provision of social services and supporting low-income households.
The loan will help the government mitigate the unanticipated and significant negative economic impact caused by the steep fall in oil prices and the economic slowdown in neigboring countries. The government's planned fiscal stimulus expenditure will help Kazakhstan stabilize and continue its economic growth trajectory while targeting fiscal sustainability in the medium term. It will contribute to employment creation, social services provision, and low-income household support; expand and modernize physical infrastructure; and promote inclusive private sector development. Further, the impact of the project will be sustained pro-poor economic growth. The outcome will be improved fiscal sustainability.
Project Officer: Song, Dai Chang
Central and West Asia Department
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main