Language:
English
Pages:
1 Online-Ressource
Series Statement:
Other Social Protection Study
Keywords:
Data Development and Gender
;
Economic Growth
;
Employment and Unemployment
;
Human Development and Gender
;
Labor Market Policy and Programs
;
Macroeconomics and Economic Growth
;
Poverty Reduction
;
Social Development and Poverty
;
Social Protection Delivery Systems
;
Social Protections and Assistance
;
Social Protections and Labor
Abstract:
The following analytical report summarizes the technical notes and presentations prepared by the World Bank and the Workforce Development Center under the Ministry of Labor and Social Protection of Population of Kazakhstan (MLSPP). These works aimed to support the MLSPP in the preparation of the Concept Plan of Labor Market Development for 2024-2029. The teams analyzed existing barriers and the potential for the creation of quality jobs in Kazakhstan because employment is essential for economic growth, which contributes to reducing poverty. Despite slower economic growth and some institutional challenges, Kazakhstan, nevertheless, has been successful at reducing the poverty rate. The major factor contributing to Kazakhstan's growth has been productivity, regardless of the period. A much lower contribution stems from labor market factors and employment rates. Therefore, the teams focused on how to boost firm productivity to increase the number and accessibility of better jobs, as well as how to develop skills and provide good education to the different groups of the population and prepare people for new and old jobs. Based on the material delivered by the World Bank, the WDC and other local expert groups, the MLSPP was able to draft the Concept Plan of Labor Market Development for 2024-2029, which the Government of Kazakhstan approved on November 28, 2023
