President Tokayev makes officials liable for investment climate in Kazakhstan

President Kassym-Jomart Tokayev has signed an edict that makes heads of central and regional executive bodies and state companies liable for the investment climate in Kazakhstan, according to the Akorda.kz website.

From now on, ministers, local governors and heads of state-owned companies will be responsible for delivering decisions by the Investment Headquarters, which includes the prime minister, first deputy prime minister, ministers, heads of the Samruk Kazyna and Baiterek funds, the National Entrepreneurs Chamber Atameken and the national company Kazakh Invest.

In turn, the chair and members of the Investment Headquarters will be responsible for improving the investment climate and implementation of investment projects and will report directly to the president.

In addition, the edict describes the functions of the Investment Office that was established in 2021. Among its tasks are the following: preparation of legal acts and control over governors, ministers and top executives in the national companies. The headquarters can also advise the president to bring any official to account, while its documents are mandatory for central and regional authorities and state companies.