Kazakhstan Goes To The Polls, Hoping Investors Return Post-Pandemic

Kazakhstan Goes To The Polls, Hoping Investors Return Post-Pandemic

Share to Linkedin Kazakhstan's President Kassym-Jomart Tokayev leaves a voting booth to cast his ballot at a polling ... [+] station in Astana, Kazakhstan, Sunday, Nov. 20, 2022. Tokayev easily beat five candidates after a politically tumultous start to the year. (Muhtor Holdorbekov/Kazakhstan's President Press Office via AP) Kazakhstan went to the polls in a snap election on November 20. It was highly likely that Kassym-Zhomart Tokayev would win in a landslide and he did, thus returning him to the leadership position after tragic events in January last year. Tokayev garnered over 82% of the vote with an estimated 70% voter turnout rate. He will be in power for a single seven-year term in Central Asia's most important frontier market. "For all its challenges, Kazakhstan is the most stable and advanced economy in Central Asia," says Roland Nash, Managing Partner, VPE Capital. "The recent political turmoil is the inevitable consequence of a change in the head of a highly centralized power structure. But President Tokayev seems intent on maintaining the same balance as his predecessor while making it easier for foreign investors to invest. Kazakhstan has developed a lot of investor credibility over the last 30 years." Covid and China