The World Bank confirms Kazakhstan's GDP growth forecast at 4.7% for 2025 and 3.5% for 2026, with oil production driving recovery.
The World Bank has maintained its GDP growth forecast for Kazakhstan at 4.7% for 2025 and 3.5% for 2026, consistent with its projections from October.
The bank's latest Global Economic Prospects report, released on Thursday, reveals that Kazakhstan's economy grew by 4% in 2024, a decrease from 5.1% in 2023.
Additionally, the World Bank anticipates that the economies of Central Asia will grow by 5% in 2025 and 4.2% in 2026, with increased oil production expected to support Kazakhstan’s economic recovery and fuel growth.
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Central Asia is among the most climate-vulnerable regions globally, relying heavily on shrinking glaciers for water. Rising temperatures threaten future supplies, while droughts, heatwaves and land degradation increasingly affect agriculture and stability.
Kazakhstan has ratified a regional green energy agreement with Azerbaijan and Uzbekistan, signalling Central Asia’s ambition to become a key supplier of renewable energy to international markets.
Kazakhstan, Kyrgyzstan and Uzbekistan are advancing one of Central Asia’s largest joint energy projects: the construction of the Kambarata HPP-1 hydropower plant on the Naryn River in Kyrgyzstan, with a planned capacity of nearly 2,000 megawatts.
Central Asian leaders have warned that worsening water shortages now pose a direct threat to regional stability, urging coordinated action and stronger international engagement.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
The death toll from a train collision near Indonesia’s capital Jakarta rose to 14 women on Tuesday (28 April), with 84 people injured, after rescuers completed efforts to free passengers trapped in the wreckage, the state rail operator said.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
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Former security chief Kamchybek Tashiev has been questioned in connection with an alleged attempt to seize power by force, Kyrgyz lawyer Sherdor Abdykaparov said.
Afghan and Russian officials have discussed expanding political, economic and security cooperation during talks in Kabul, Afghan ministries said.
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