100 concrete steps

The results of work in 2020 on implementation of the Plan of the Nation "100 Concrete Steps to Implement Five Institutional Reforms of the First President of the Republic of Kazakhstan - Elbasy Nursultan Nazarbayev" were announced at the recent meeting of the National Commission on Modernization under the chairmanship of the Prime Minister of Kazakhstan Askar Mamin with the participation of the Chairman of the Majilis Nurlan Nigmatulin.

The Minister of National Economy - Ruslan Dalenov, Minister of Finance - Yerulan Zhamaubayev, Minister of Industry and Infrastructure Development - Beibut Atamkulov, Minister of Culture and Sports - Aktoty Raimkulova, Minister of Education and Science - Askhat Aimagambetov, Minister of Health - Alexey Tsoi, Minister of Information and Public Development - Aida Balayeva and other responsible persons reported on the work carried out.

"The Head of State Kassym-Jomart Tokayev in his Message dated September 1, 2020 noted the need to give a serious impetus to the reforms of the First President of the Republic of Kazakhstan - Elbasy Nursultan Nazarbayev within the framework of the Plan of the Nation and Five Institutional Reforms. This year, significant work has been done and good results have been achieved," the Prime Minister said. The Head of Government instructed to continue active work on full and high-quality implementation of the Plan of the Nation. Particular attention was paid to the points on increasing the volume of attracting investment, primarily in new large projects in priority sectors of the economy, which provide the creation of new jobs.

The meeting approved the Action Plan of the National Commission for 2021, which provides for the implementation of 10 steps of the Plan of the Nation next year in the areas of "Formation of professional state apparatus" and "Industrialization and economic growth". 

To date, 71 steps out of 100 steps of the Plan of Nation have been implemented, including 9 steps this year.

The current risk management system of Samruk-Kazyna Sovereign Wealth Fund has also proved its effectiveness.

The Fund managed to exceed the planned indicators. Net profit of the SWF should exceed KZT 400 bln.

More than a third of the largest global investors believe that geopolitical risks will have the biggest impact on overall financial solvency in 2021. It is reported that based on global economic forecasts, the Fund has compiled a risk map for the next year.