Kazakhstan at Silk Road Forum in Paris

Kazakhstan at Silk Road Forum in Paris

The New Silk Road has great prospects. China’s Belt and Road initiative, first announced in Astana five years ago has united most of the Eurasian countries. The revival of the largest project was discussed at a forum in Paris. Leading world experts, including Nobel laureate Jeffrey Sachs, decided how the new Silk Road could contribute to the development of economies. A key factor is investment. However, it is not enough just to attract money to the country, it is way more important to extract the maximum benefit from the project for the state. Today specialists are increasingly talking about the importance of inter-country cooperation, and as part of the project this has been conducted through think tanks.

BALASH KHORVAT, STRATEGIC ADVISOR TO UNDP ON BELT AND ROAD INITIATIVE:

- This network think tanks needs to move from being a place where bilateral studies are collected to actually taking advantage of the natural aspect and have occasions where there can be mutual learning.

Experts at the Institute of World Economics and Politics organized a forum on Kazakhstan’s experience in the Belt and Road initiative.

YERZHAN SALTYBAYEV, DIRECTOR, INSTITUTE OF WORLD ECONOMICS AND POLITICS:

- Studies show that all the Central Asian countries are deeply involved in this project. All of them, one way or another, are recipients of Chinese investments. On their territory, the project with the participation of Chinese capital is being implemented.

During the project’s implementation, agreements have been reached on investing US$64 billion in Kazakhstan's infrastructure and agriculture. Chinese investments have become one of the development opportunities not only for Kazakhstan’s economy but for the entire region’s economy as well.