Journal Article

Problems of Public-private Partnership Development in Kazakhstan

Sakuov, Nurlan

2023

Overview

\"This paper analyses the development of public-private partnership in Kazakhstan, where for many years the authorities have been trying to establish relations with private entrepreneurs. Thus, the purpose of the study is to characterise the current state of public-private partnership in Kazakhstan, to describe the trends of its development and existing problems, based on international experience. The main method in writing the study is the analysis, based on a significant amount of processed statistical and theoretical data. The study found that the development of public-private partnership in the Republic of Kazakhstan is at the initial level. Nevertheless, there are positive trends in the introduction of new projects and their effectiveness. The most urgent problems for Kazakhstan were identified: the low level of qualified personnel involved in the development of public-private partnership in the country; too extensive regulatory framework for regulating the public-private partnership process and frequent lack of funding for projects already started. Based on observations and the experience of different countries, councils were formed to solve the problems described in the paper, which should help in the development of a subsequent policy for the development of public-private partnership. The paper gives an opportunity to take a different look at the current state of public-private partnership in Kazakhstan, and also brings new knowledge to improve the principles of public-private partnership development in developing countries.\"