IMF Commends Kazakhstan’s Economic Reforms as GDP Growth Reaches 6.4%

Kazakh Deputy Prime Minister and Minister of National Economy Serik Zhumangarin held talks with Ali Al-Eyd, IMF Division Chief for Central Asia and Mission Chief to Kazakhstan.

He briefed the mission on the progress of structural reforms, specifically noting the enactment of the new Budget and Tax Codes, The Caspian Post reports, citing Kazakh media.

Zhumangarin also outlined the key pillars of the 2026-2028 Joint Action Program, involving the Government, the National Bank, and the Agency for Regulation and Development of the Financial Market.

Presenting updated macroeconomic data, the Deputy Prime Minister highlighted that GDP growth reached 4.8% in 2024 and 6.4% in the first ten months of 2025.

Ali Al-Eyd commended the high level of cooperation between the IMF and Kazakhstan. He noted significant progress in conducting tax reforms, strengthening the fiscal position, and maintaining high rates of economic growth alongside a clear long-term strategic vision. However, the IMF representative also emphasized the need for further reducing inflation rates, pointing out their multi-component nature and the influence of external factors.

The parties discussed future collaboration prospects, including strengthening analytical and expert exchanges and joint efforts to maintain sustainable economic growth.

The meeting took place in a constructive spirit, reaffirming the shared commitment to continue close dialogue and deepen cooperation between Kazakhstan and the IMF.