Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 22 Oct 2026 by Evgeny Gavrilenkov

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Oct 8 Finance Ministry: Kazakhstan has earned an Index Watch Positive status after JPMorgan’s 2026 review of its index classification, potentially paving the way for the country’s sovereign bonds to be included in the GBI‑EM index. National nuclear company: The shareholders of Kazatomprom approved the supply of uranium to the Chinese SNURDC and refrained from a deal with the Russian Uranium One. Oct 9 Ministry of Transport: Transportation of Kazakhstan’s exports by rail grew by 7.1% y-o-y in 9M26. Energy Ministry: Kazakhstan and Russian Gazprom discussed the development and modernization of gas transportation infrastructure. NBK: International reserves decreased by 5.4% m-o-m in September but were still up 1.5% in 9M26. Oct 11 Ministry of Foreign Affairs: Kazakhstan strongly condemns the attacks by Houthi militias on civilian infrastructure facilities in Saudi Arabia. Oct 12 U.S. Department of Agriculture: The agency has maintained its forecast for wheat exports from Kazakhstan this agricultural year at 9.5 mln tons. National gas company: QazaqGaz and a subsidiary of the Russian Gazprom in Kyrgyzstan signed a memorandum of cooperation in the gas sector. Eurasian Fund for Stabilization and Development: The fund has maintained its estimate of Kazakhstan’s GDP growth for 2026 at 5%. National pipeline company: KazTransOil increased overall oil transportation volumes by 4% y-o-y in 9M26. The volume of oil supplies to the CPC increased by 42% y-o-y and to Baku–Tbilisi–Ceyhan pipeline by 24% y-o-y over this period. Oct 13 IMF: The Fund has lowered its forecast of Kazakhstan’s economic growth in 2026 from 4.6% to 4.4 %. Economy Ministry: Kazakhstan’s oil production fell by 8.3...