Astana Economic Forum

The world’s leading policy makers, financial experts, distinguished politicians and Nobel Prize winners gather each year for the Astana Economic Forum in Kazakhstan’s capital.

The agenda focuses on the challenges of ensuring balanced global economic growth: volatility on commodities markets, perspectives of sustainable development, incentives for global competitiveness, increasing role of innovations and technologies, fragile financial systems, regional and country risks etc. The AEF is traditionally chaired by President of the Republic of Kazakhstan Nursultan Nazarbayev.

President Nazarbayev's speech at the VI AEF pointed out five lessons of the global crisis:

Despite the assurances of many financial institutions that financial crisis ended, it continues, more over it threatens by painful “bursts” of a number of local financial systems, global recession is caused by the anti-crisis measures taken on national levels, it is necessary to overcome the lack of trust between global financial institutions and nation states, between the actors of the financial sector and real economy, among countries,
financial sector cannot and must not develop in isolation from the real sector, both at global and national level, current global crisis is multidimensional, and its course and dynamics are set not only by economic, but also political, humanitarian and moral reasons.

The key messages of the President's statements were the following:

Kazakhstan is achieving the target to enter the club of 50 most competitive countries in the world, Strategy “Kazakhstan 2050” will contribute to the transformation of Kazakhstan into a top 30 most developed country of the world, where progress is based on innovative economic and social principles, actively develop renewable energy sources and allocate 2% of GDP annually for investments into “green modernization”,
establishment of the Board of Trustees to finance the research of fundamental aspects of the idea of G-Global. More than 12500 delegates including around 3200 foreign delegates from 136 countries attended the Forum, including 30 heads of international organizations, 12 former Heads of the states and Governments, 10 Nobel Prize winners, 40 ministers, 28 deputy ministers. Among guests were: President of the United Nations General Assembly Vuk Jeremic, Prime Minister of Macedonia Nikola Gruevski, Deputy Prime Minister of Iraq Rowsch Noori Sideq Shaways, Under-Secretary-General of the United Nations, Head of the Department of Economic and Social Affairs Wu Hongbo, Under-Secretary-General of the United Nations, Executive Secretary of the United Nations Economic Commission for Europe (UNECE) Sven Alkalaj, Secretary-General of the UN Conference on Trade and Development (UNCTAD) Supachai Panitchpakdi, Deputy Director-General of the World Trade Organization (WTO) Alejandro Jara.

During the Forum 85 events of various formats were held with participation of 600 speakers and moderators. As a result of business negotiations companies signed 85 agreements and memorandums for further cooperation for the total sum of more than 2,7 billion US Dollars, including 500 million US Dollars worth agreements and contracts on innovational projects.

The Forum was used to launch the First World Anti-crisis conference with 3 panel sessions and 4 round-table discussions. The main outcome of the Conference was the Astana Declaration and World Anti-crisis Plan project to be adopted at the next World Anti-crisis Conference in 2014. The main document is available on the website www.aef.kz for discussions by the internet community. It is planned to promote the document and discussions at the upcoming events in different countries.

During the World Anti-crisis Conference representatives of 40 states provided their recommendations, which were reflected in the final document "Recommendations to the Leaders of the G20". Recommendations of the VI AEF have been submitted to G20, G8, IMF, WB and UN for further consideration.

VI Astana Economic Forum

Recommendations for G20 leaders

The world economy after the crisis continues to face a number of problems:

  • global uncertainty on the prospects of economic growth;
  • the complexity and opacity of the financial structure of the economy;
  • crisis of confidence that has a negative impact on investments;
  • low business activity, accompanied by rising unemployment.

The global economic recovery remains extremely fragile: the weak, unbalanced growth has significant risks on economic indicators. To resolve the situation it is necessary to coordinate the response of the G-20 governments in order to ensure the sustainability of the recovery of the global economy. In this context the main event of the coming year will be the summit of leaders of the G-20 countries, which will be held September 5-6, 2013 in St. Petersburg. At the initiative of the Russian Federation, the discussion will be focusing on three main priorities, each of which are of systemic significance for post-crisis growth and development:

  • Investments - to restore the economy and create new jobs;
  • Trust and transparency - to ensure the sustainability of growth;
  • Effective regulation - to improve the quality of growth.

In order to ensure the legitimacy, transparency and efficiency of decision making Russia initiated multilateral consultations with non-members of the G-20 ("outreach"), including governments, intergovernmental organizations, the business community, non-governmental organizations, trade associations, youth, expert and academic community.

The complex effect of the active interaction between these parties, first proposed by the Russian presidency, will enhance the effectiveness of the G-20 for the world community.

One of the partners in the preparation of recommendations for G-20 on issues of global development and stimulating new economic growth is the Astana Economic Forum, which is organized by the "Eurasian Economic Club of Scientists".

Representatives of the Russian Federation have participated in the outreach activities of the VI Astana Economic Forum (AEF) and the World Anti-Crisis Conference (WAC), May 22-24, 2013. Suggestions and recommendations developed at the AEF and WAC will make a significant contribution to the discussion on key problems threatening the global economy.

Astana forum in substantial sense becomes a repeater of wide “Eurasian vision” of the problems of global development. Among these problems – the world financial and economic crisis, which has escalated into world social crisis, and covered both developed and developing countries. Formation of G-20 group has significantly expanded the range of the dialogue on the reform of the global economy. However, after 4 years since the first anti-crisis summit of G20, this format seems to be insufficient.

Over 9000 participants attended Astana Economic Forum, including representatives of international institutions (UN, IMF, WB, ADB, EBRD, etc.), government officials with huge managerial experience, leading scientists, Nobel Laureates, representatives of political, expert and the business communities.

The new format of the dialogue, approved within the framework of the Astana forum has received the broad support and was called the “G-GLOBAL”. Since its inception in January 2012, info-communicational web-site G-GLOBAL has been attended by more than 3 million people. More than 90,000 users from 160 countries have become its permanent members.

The general problems of innovative development, nuclear and environmental safety, ethnic and religious tolerance, and other aspects of geopolitics are discussed. In other words, G-GLOBAL serves as a potential unifying idea of a multipolar world.

Taking into account the suggestions of participants of Astana Economic Forum and the free internet-community, the following recommendations are offered to the leaders of G20, these recommendations were developed in accordance with the framework of the 2013 G-20 summit: