Almaty hosted the 15th annual Eurasian Tax Forum. This year it was renamed the Silk Road Tax Forum. Hosted by the International Tax and Investment Center (ITIC) and the Ministry of Finance of the Republic of Kazakhstan, this event brought together representatives of public and private sector, as well as tax experts.
The participants spoke on key topics of interest for countries in Eurasia region, including broad fiscal policy challenges for the region; indirect tax reforms; and implications of international initiatives, including the OECD/G20 two-pillar solution.
During the panel session with Erlan Dosymbekov, EY Managing Partner for Caucasus and Central Asia, the issues of economic challenges and opportunities and economic policy trends, managing post-pandemic financial risks in the context of rising interest rates and inflation, and potential policy responses in Central Asia region were discussed.
“What the region’s individual countries largely have in common is a realization that fundamental reforms are key to driving growth and recovering from the fallout of the pandemic and Russian-Ukrainian conflict,” – Erlan commented.
According to EY Central Asia Region Investment Attractiveness Survey, key priorities for all the countries are:
- Promoting economic diversification
- Developing the private sector
- Reducing corruption
- Improving governance
Read more EY Survey by following link: “With the global economy at a crossroads, which way will Central Asia go?”
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