EFSD and Kazakhstan Government Institutions Discuss Methodology for Assessing the Country's Potential Economic Growth

The headquarters of the Eurasian Fund for Stabilization and Development (EFSD, the Fund) has hosted a roundtable focused on assessing Kazakhstan's potential economic growth. Key topics included the methodology for calculating potential output and the output gap, the adaptation of international practices to national conditions, and preliminary findings from a study conducted by the EFSD's Research Department.

The discussion brought together officials from Kazakhstan's appropriate government agencies: the National Bank of Kazakhstan, the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan (ASPR), the Economic Research Institute, and the Bureau of National Statistics of the ASPR.

Participants discussed the nature of national statistics, methodological approaches, limitations of current estimates, and the role of potential output indicators in shaping a balanced macroeconomic policy. At the conclusion of the meeting, the parties confirmed the need for deeper dialogue on the verification of assessments.

Participants agreed to hold an additional working session to examine methodological specifics and findings in greater detail. Officials of Kazakhstan's government agencies also expressed interest in participating in the EFSD International Economic Conference, where issues of achieving sustainable economic growth are set to be discussed.