Galim Khussainov
Inflation and the tengeBankingLending and mortgagesTaxationEconomy and public policyManagement

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Results of the Year: Events That Left a Mark

Translated from Russian with the help of AI. Original: Russian version

A New Year greeting with reflections on the wars around the world and on the progress of reforms in Kazakhstan after the January 2022 events (Qantar).

Every year we witness certain events that leave a mark on world history. The consequences of Covid had barely subsided when an era of wars and conflicts began: Russia and Ukraine, Palestine and Israel, Azerbaijan and Armenia. When a nuclear power launches military action in another country, the world is at once in a very difficult position: one wrong move, and it could descend into chaos. This is an era that tests the strength of all the values built up over hundreds of years.

In our country, we spent 2023 waiting for the changes and reforms that followed the Qantar events of 2022. So far the reforms are proceeding with mixed success, which is only logical: first the decision-making system itself has to be rebuilt, including the decision-makers (DMs), and that is proving difficult for now.

May 2024 be a year of calm and reason, both in the world and at home. I wish that in 2024 we become the best version of our past selves, so that we develop in the right direction, without populism and harmful decisions. Happy New Year 2024, everyone!

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