Kazakhstan will reassure investors as reforms unfold

Significance

The 'new deal' programme includes both short- and long-term reforms aimed at redressing the main failings of the Nazarbayev era. The Tokayev administration is pledging to launch structural reforms following emergency measures designed to dampen popular discontent.

Impacts

• Russia stands little chance of reaping specific economic benefits from the brief military intervention in support of Tokayev.
• The Nazarbayev family's continued control of key sectors of the economy will impede reform progress.
• Kazakhstan's main foreign partners are unlikely to reconsider the terms of their economic engagement in the short term.