On June 12, 2020, it will be one year since Kassym-Jomart Tokayev officially became the head of state. As promised at the inauguration, the new President of Kazakhstan continued the strategic programs of Yelbas Nursultan Nazarbayev, adding to them new initiatives aimed at the development of the country.
Ensuring the evolutionary model of succession of power, Kassym-Jomart Tokayev demonstrates the liberal principles of government based on dialogue and diversity of opinions. The elected Head of Kazakhstan seeks to increase confidence in the state by making the authorities more open and accessible to the citizens of the country.
Over the past year Kassym-Jomart Tokayev has taken measures for social support of certain segments of the population, in particular, through a credit amnesty for 500 thousand people in a difficult financial situation.
International reserves of Kazakhstan today amount to more than $30 billion, assets of the National Fund of Kazakhstan exceed $58 billion. Responding to the challenge of the COVID-19 pandemic, the Head of Kazakhstan is taking actions to stimulate the national economy. According to the EBRD, this will allow to resume GDP growth to the level of 5.5% in 2021 (in 2020 the GDP is expected to fall by 3%).
In Kazakhstan's foreign policy strategy over the past year, much attention has been paid to strengthening the economic component, which consists in finding and realizing the country's potential on the world stage.