Three-tier system for attracting investment in Kazakhstan

Abstract

Abstract

In 2023, Kazakhstan set itself the strategic goal of increasing the volume of the national economy to 450 billion dollars by 2029. To solve this problem, Kazakhstan, among other things, plans to attract foreign investment; by the specified period, the state expects to attract 150 billion dollars in investments. Since gaining independence until 2021, Kazakhstan has attracted more than 350 billion dollars. In 2022, the volume of foreign investment amounted to 22 billion dollars. This article will consider a three-tier system for attracting investment as one of the mechanisms of a favorable investment climate. The purpose of the article is to explain the structure and functioning of the system, evaluate its effectiveness, identify problems, and offer recommendations for improving the investment climate. Various research methods were used during the study: comparative analysis, statistical analysis, historical method, and case method. Thus, the study considered a three-tier system for attracting investment in Kazakhstan. This system, created in 2021, has proven effective in working with potential investors. The findings demonstrate the importance of effective operation of all three levels to attract investment.