PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

534269

Primary Business Area

Corporate Advice

Disclosure Date

Oct 27, 2009

Country

Kazakhstan

Region

Central Asia and Turkiye

IFC Approval Date

Apr 20, 2005

Status

Completed

Estimated Total Budget

$2,495,663.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Oct 2, 2005

Project Description

The project provides assistance with corporate governance in Kazakhstan. Specifically, it assists in improving the corporate governance practices of joint stock companies and banks in Kazakhstan, strengthening the country's legislative basis for corporate governance, and promoting education about corporate governance. Objectives include better decision making, reduced internal conflicts, improved operational efficiency, increased investment, adoption of international standards, increased transparency for investors, respect for shareholder rights, development of capital markets, stimulation of the private sector, and economic growth.