Kazakhstan is strongly committed to achieving the Sustainable Development Goals (SDGs) and is setting itself up to deliver on the 2030 Agenda. With the support of the Asian Development Bank (ADB) and the United Nations Development Programme (UNDP), the government embarked on a development finance assessment (DFA) to analyse existing financial resources and identify opportunities to mobilise additional sources of finance more efficiently to achieve the SDGs.
A DFA supports governments and their partners in identifying and building consensus around solutions to address financing challenges. It makes finance issues accessible to policy and decision makers. It follows a process of a multi-stakeholder consultation informed by accessible analysis on finance policy issues and what they mean for a wide range of actors and builds an agreed road map that can support progress across a range of areas.
This report addresses both the first and second dimensions of a DFA. These analyse the development finance landscape of both public and private available resources and the integration and alignment between the planning and financing processes in Kazakhstan.
This exercise serves the purpose of warming up the government and its development partners to the idea of undertaking a complete DFA or consider developing an integrated national financing framework (INFF). Therefore, this report suggests an initial set of recommendations that constitute initial steps toward implementing the INFF building blocks and strengthen Kazakhstan’s SDG financing mechanism.
The report is structured according to the DFA dimensions. The first chapter explores Kazakhstan’s financing landscape. It focuses primarily on the past decade, starting from 2008 in line with the availability of official data. Chapter two describes the current state planning system and how it aligns with the budgetary processes. It compares the formal, de jure institutional set-up, according to government legislation, with the de facto planning and budgetary practices, based on available, recent expert analysis and consultations with government stakeholders. The third and final chapter suggests priority areas for improvement, based on the previous analysis.