Kazakhstan addresses the OECD

November 22, 2011

Tuesday 22 November

Kazakhstan’s Prime Minister will address today representatives of the 34 OECD member states in the Headquarters of the Organisation in Paris. This address supports a strong drive of the country to adopt OECD Standards and collaborate further with the different Committees of the Organisation.

Already an active member of the OECD Eurasia Competitiveness Program, Kazakhstan has applied to become an observer in four key Committees of the OECD. Prime Minister Karim Massimov said “For any nation that aspires to build strong institutions, hold government accountable, the OECD and its member states are the standard to follow.

When the OECD was created half a century ago, few could have imagined that Kazakhstan would become independent – let alone one of the ten highest-performing economies in the world, now embarking on systematic, system-wide reform.

We look to the day when a Kazakhstani ambassador might join the OECD’s ranks.”
In a sign of the growing cooperation between Kazakhstan and the OECD, the country will also introduce a visa free regime for citizens from OECD countries. This aims to further boost foreign investment in Kazakhstan, which recently entered the world’s top 50 states in which to do business – according to the World Bank.

Kazakhstan’s application to become an observer in different Committees comes ahead of the nation’s twentieth anniversary of independence on 16th December. In the last two decades, Kazakhstan has maintained strong economic growth, increasing per capita GDP 12 times over – from less than 700 US dollars to 9,000. The country ranks in the world’s top ten performing economies over the last decade and is now classified by the World Bank as an upper middle income nation.

The OECD, a global body whose members include the US, UK and Germany, aims to ‘promote policies that will improve the economic and social well-being of people around the world.’