Kazakhstan, World Bank Discuss Mining Sector Development

2026-05-25 10:06:41

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, May 25. Kazakhstan's Minister of Industry and Construction Yersayin Nagaspayev and Andrei Mikhnev, the World Bank Country Manager for Kazakhstan and Turkmenistan, discussed prospects for developing the country's mining and metallurgical sector, Trend reports via the ministry.

During the meeting, the draft World Bank report“Assessment of Investment Conditions in Kazakhstan's Mining Industry” was reviewed, reflecting developments since 2023. The World Bank gave a positive assessment of the government's efforts to advance the mining and metallurgical complex (MMC) and the broader processing sector.

The report also provided recommendations on further reforms and attracting investment to ensure diversification and sustainable economic growth.

“There is active cooperation between the Ministry of Industry and Construction and the World Bank in developing the mining and metallurgical sector. We highly value our partnership and are committed to further strengthening it,” Nagaspayev said, inviting Mikhnev to participate in the International Exhibition“Astana Mining and Metallurgy,” scheduled for June 11–12 this year.

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