Dynamics
Supporting international development around the world
Issue 10
December 2014
Doorway to
development
Nigerian know-how
Planning for sustainable growth
Next stop, Brussels
Charting Serbia’s way to the EU
Under the
Tanzanian sun
Bridging the energy gap with solar
Welcome
Dynamics Ň Issue 10 Ň December 2014
A
s 2014 draws to a close, it’s only natural to look up and take stock. It’s been quite a
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why.
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EU’re on track…
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A doctor in the house…
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Dynamics Ň Issue 10 Ň December 2014
Rohan Malik
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01
Contents
We meet ...
Nigerian know-how
08
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Next stop, Brussels
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]p[alaf_hdYfk^gjl`]^mlmj]&
16
Life in the hot seat
22
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Under the Tanzanian sun
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02
24
Dynamics Ň Issue 10 Ň December 2014
Features
Regulars
Round up, refresh
06
Accelerating Africa’s progress
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12
My story, my views...
32
Moving forward, moving up
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26
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Country spotlight: Chile
38
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Contacts
40
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Dynamics Ň Issue 10 Ň December 2014
03
Round up,
refresh
Africa’s economic
growth set to
pass 5%
Economic growth in Africa could exceed
5% in 2015-16, according to fresh projections
from The World Bank. Economies across the
continent continue to rise at a moderately
quick pace, with regional growth estimated to
strengthen to 5.2% in the next two years, from
4.6% in 2014.
Francisco Ferreira, the WBG’s Chief
Economist for Africa, said the continent
is projected to remain one of the world’s
three fastest growing regions and maintain
“its impressive 20 years of continuous
expansion.” But he added: “Downside risks
that require enhanced preparedness include
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economic fallouts from the activities of
terrorist groups such as Boko Haram and Al
Shabaab and, most urgently, the onslaught
of the Ebola epidemic in West Africa.” The
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in infrastructure, increased agricultural
production and expanding services in African
retail, telecoms and transportation to continue
to boost the growth in the region.
Meanwhile, a separate WBG study, Africa’s
Pulse, noted that economic transformation
would become more critical, as it found the
region “was largely bypassing industrialization
as a major driver of growth and jobs.” Instead,
the study said, extractive industries in the
natural resources sector and a surging
services industry were behind Africa’s growth.
Co-author of Africa’s Pulse and WBG
lead economist for Africa, Punam ChuhanPole, added: “Nearly two decades of strong
growth is transforming Africa’s economies,
but the structural change is not what the
world expected. The majority of Africa’s
jobs continue to be in agriculture and is
surging into services — but not into industry
and manufacturing. The good news is that
in Africa, this growth in agriculture and the
services sector has been more effective in
reducing poverty than growth in industry. In
the rest of the world, by contrast, industry
and services have a larger impact on reducing
poverty.”
04
Better management boosts economic
growth in Africa
Dr. Caleb Fundanga, who took over as director of the Macroeconomic and Financial
Management Institute of Eastern and Southern Africa (MEFMI) in July, said that Africa’s recent
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management.
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management. Speaking at MEFMI’s combined forum in Washington, DC on October 6, he said:
“Unless economies are properly managed, the debt problem will continue recurring. Much of the
growth that we’ve seen in our countries has been because there has been an improvement in the
way we manage our economies.”
MEFMI, which celebrates its 20th anniversary this year, had played its part in these
improvements, he added, by organizing courses in macroeconomic management, monetary
policy, reserves management and bank supervision. As a result, central banks in MEFMI
member countries were now able to spot emerging problems in the banking sector and take the
necessary actions.
Donors urged to improve information
sharing
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Dynamics Ň Issue 10 Ň December 2014
Regular |Jgmf\mh$j]^j]k`
Afghan women and girls poised for
USAID boost
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l`]j]eYafaf_^mf\klgj]\m[af_Yf]eaYYf\ajgf\]Õ[a]f[qYegf_Y\gd]k[]fl
_ajdk&9f]eaYhgk]kYeYbgjl`j]YllgeYl]jfYdYf\[`ad\kmjnanYd$[gfljaZml]k
lgdgoZajl`o]a_`lg^ZYZa]k$dgo]jkj]kaklYf[]lgaf^][lagf$Yf\daealk[g_falan]
\]n]dghe]flYf\k[`ggdh]j^gjeYf[]Yegf_[`ad\j]f&
USAID sustains
peacebuilding partnership
in central Africa
The US Agency for International Development (USAID) has
announced an extra US$7m in funding for the Central African
Republic (CAR) Peacebuilding Partnership.
The public-private partnership will support and strengthen
locally led peacebuilding and atrocity prevention efforts in the
;9Jgn]jl`]f]plÕn]q]Yjk&AloaddYdkg]fkmj]l`Yl\gfgj
support is focused on empowering interreligious leaders, as
well as women and youth, who are critical players in promoting
peace and reconciliation in communities affected by violence.
“In the midst of unprecedented humanitarian challenges
across the globe, we cannot and have not, lost sight of the
urgent situation in the Central African Republic,” said Assistant
9\eafakljYlgj^gj<]eg[jY[q$;gfÖa[lYf\@meYfalYjaYf
Assistance Nancy Lindborg. “The Peacebuilding Partnership is
a vehicle for public and private donors to invest their resources
around a common purpose of promoting a more resilient,
peaceful and inclusive future in the Central African Republic.”
In addition to making the US$7m donation, USAID is
k]]caf_Y\\alagfYdÕfYf[aYd[geeale]flk^jgegl`]j\gfgjk
to reach a total of US$15m. The initiative will build on
current USAID programs in the CAR, including US$7.5m in
peacebuilding programs to empower local voices for peace,
promote interreligious and other community dialog, and
improve access to accurate information in local media.
Dynamics Ň Issue 10 Ň December 2014
05
US and El Salvador agree investment compact
L`]Eadd]ffame;`Ydd]f_];gjhgjYlagf E;;!`Ykka_f]\YMK*//e
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)(q]YjkY_gÈak\]ka_f]\lg]f`Yf[]l`][gmfljqÌk[geh]lalan]f]kk
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afl]jj]dYl]\hjgb][lk&L`ak[gehY[lZmad\kgfE;;ÌkdYj_]klafn]kle]fl
af;]fljYd9e]ja[Y$o`a[`oYkYdkgoal`=dKYdnY\gj&L`][gmfljqÌkÕjkl
Õn]%q]Yj[gehY[lÈo`a[`oYkaehd]e]fl]\Z]lo]]f*((/Yf\*()*
oal`YfafalaYdafn]kle]flg^MK,.)eÈak]ph][l]\lgZ]f]Õlegj]l`Yf
/(($(((KYdnY\gjYfkgn]jl`]f]pl*(q]Yjkl`jgm_`aehjgn]e]flkaf
]\m[Ylagf$hmZda[k]jna[]k$Y_ja[mdlmjYdhjg\m[lagfYf\ljYfkhgjlYlagf
af^jYkljm[lmj]&
Ebola draining development budgets in West Africa
The Ebola outbreak in West Africa is
impairing the ability of governments to
raise revenues, increasing their exposure to
domestic and foreign debts and may make
them more dependent on aid, according to
the latest study on the socioeconomic impact
of the crisis carried out by the the United
Nations Development Programme (UNDP).
“We need to make sure that the Ebola
outbreak does not lead to socioeconomic
collapse,” said Abdoulaye Mar Dieye, the
Director of the UNDP’s Regional Bureau for
Africa. “This crisis is already taking a toll on
budgets and reducing the governments’ policy
leeway to make much-needed investments in
critical areas such as health and education
for their citizens.” He added that the effects
of the Ebola crisis will last long after the
epidemic is brought under control.
In total, the governments of Guinea,
Liberia and Sierra Leone are experiencing a
shortfall of US$328m to be able to function
at pre-crisis levels, the study shows. The gaps
are caused by increased spending to tackle
l`][jakakYf\Õk[Yd[gfkljYaflkj]kmdlaf_^jge
a slowdown of economic activities such as
tourism, mining and trade. Because of Ebola,
government expenses have risen by about
06
+(afYddl`j]][gmflja]kYf\Õk[Yd\]Õ[alk
are rising.
:][Ymk]g^l`]k]ÕfYf[aYd[gfkljYaflk$
the three countries are resorting to domestic
and international borrowing and have
Ydj]Y\qlYc]fÕfYf[aYdhY[cY_]k^jgel`]
International Monetary Fund and the World
Bank. “These countries were heavily reliant
on aid but beginning to see healthy rates
of economic growth and opportunities for
Zmkaf]kk$][gfgea[\an]jkaÕ[YlagfYf\
domestic resource mobilization,” said Dieye.
“We need to avoid a situation where these
countries increase their dependence on
]pl]jfYdkgmj[]kg^ÕfYf[af_&Ê
In recent weeks, West African and global
development leaders have appealed for
a massive coordinated reinforcement of
international health teams to the three
countries in order to contain the epidemic.
The health workers are needed to treat
and care for patients, boost local health
capacity, manage Ebola treatment centers,
and resume essential health services for
non-Ebola conditions. Current estimates by
the United Nations indicate that about 5,000
international medical, training and support
personnel are needed in the three countries
over the coming months to respond to the
Ebola outbreak, including 700-1,000 foreign
health workers to treat patients in the Ebola
treatment centers. “The world’s response to
l`]=ZgdY[jakak`Ykaf[j]Yk]\ka_faÕ[Yfldqaf
recent weeks, but we still have a huge gap in
getting enough trained health workers to the
areas with the highest infection rates,” said
World Bank Group President Jim Yong Kim.
ÉO]emklmj_]fldqÕf\oYqklgZj]YcYfq
barriers to the deployment of more health
workers.”
Dynamics Ň Issue 10 Ň December 2014
Regular |Jgmf\mh$j]^j]k`
DFID’s anti-corruption approach
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to understand whether its anti-corruption
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World Bank and Australia back
Myanmar education program
The World Bank (WBG) and the Australian Government have teamed up with Myanmar
to improve the quality of education provided to millions of poor students. Both have
pledged US$100m to the country’s Decentralizing Funding School Project and the World
Bank is providing an US$80m credit agreement through its International Development
Association, which provides concessional loans and grants to the world’s poorest
developing countries.
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)(($(((\]hjan]\klm\]flkoaddj][]an]ÕfYf[aYdkmhhgjllgYll]f\[dYkk]k&
“The project provides direct support to the Ministry of Education to expand funding
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Education, and a student stipends program that will focus on 40 townships,” it said in
a statement. “The project will also strengthen the ministry’s capacity to monitor and
implement these programs.”
Dynamics Ň Issue 10 Ň December 2014
ǯ•‡–ƥ…‡
set for Philippines
mission
A team of meteorologists and senior
[daeYl]k[a]flaklk^jgel`]MCÌkE]lG^Õ[]
is heading to the Philippines to help develop
their national weather center. One year on
from the devastating Typhoon Haiyan, the
UK team is tasked with helping the country
to better plan evacuations, put in place
life-saving public warning services and build
infrastructure that can withstand natural
disasters.
Weather scientists from the Philippines
will also be brought to the UK to be trained
in how to use the supercomputers and
sophisticated software behind the Met
G^Õ[]Ìko]Yl`]jYf\[daeYl]hj]\a[lagf
systems.
“By sending a team of specialists from
l`]E]lG^Õ[]o]Yj]g^^]jaf_l`]n]jqZ]kl
of British expertise and weather know-how
to strengthen the Philippines’ resilience to
future disasters,” said the UK’s International
Development Secretary, Justine Greening.
ÉO]Yj]Ydkg`]dhaf_j]klYjlnalYdÕk`af_
and farming industries so thousands of the
poorest women-led households can get
their livelihoods back. It will not happen
overnight, but the sooner people can get
back to work and get on with their lives
the sooner the country as a whole can fully
recover.”
Round up,
refresh
07
Nigerian
know-how
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underpinned by abundant
natural resources and a
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Ngozi Okonjo-Iweala is
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egj]lg[ge]
8
Dynamics Ň Issue 10 Ň December 2014
We meet ... |Fa_]jaYfcfgo%`go
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her career has, in addition, taken her to
Dynamics Ň Issue 10 Ň December 2014
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Attractiveness Survey&Gmjj]khgf\]flkÈegj]
l`Yf-((Zmkaf]kkd]Y\]jk^jgeYjgmf\l`]ogjd\
Dynamics Ň Issue 10 Ň December 2014
We meet ... |Fa_]jaYfcfgo%`go
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O]f]]\Yf]okljYl]_qlghmlÕfYf[]
afl`]`Yf\kg^k]jna[]%ZYk]\KE=k
that can boost their technical capacity
otherwise we will not be able to create
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K`]_g]kgflg[al]eYfm^Y[lmjaf_
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tribute to its ability to create jobs.
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Spending solutions
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af[j]Ykaf_dqmjZYfar]\hghmdYlagfg^YZgml
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]fnajgfe]fl&HdYfklg]klYZdak`YkeYjl
[alq [Ydd]\l`]9ZmbY<]n]dghe]fl;alq!
Yj]^mjl`]j^m]daf_afn]klgj[gfÕ\]f[]
and interest has also been boosted by the
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[gehYfa]kafgf]g^l`]ogjd\ÌkdYj_]kl
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@go]n]j$alakYdkg[d]Yjl`YlGcgfbg%
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af[j]Ykaf_dqdggcaf_lgoYj\l`]k]jna[]
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^mlmj]][gfgeq&ÉO]Ìn]\ak[gn]j]\l`Yl
Y_ja[mdlmj]akfglYkZa__]jk`Yj]g^
Dynamics Ň Issue 10 Ň December 2014
Fa_]jaYÌk_jgoaf_][gfgeq`Yk
Ydkgd]\lgaf[j]Ykaf_hj]kkmj]lg
kh]f\l`]k]hjg[]]\kg^_jgol`gf
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eafakl]j$kYqkGcgfbg%Ao]YdY&ÉQgmÌj]
kallaf_l`]j]Yf\qgmj[gdd]Y_m]af
]\m[Ylagf[ge]klgk]]qgmYf\kYqkl`Yl
MF=K;Gj][gee]f\kl`Yl*-g^l`]
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egj]l`Yf)((&Ale]Yfkl`Yll`]
ÕfYf[]eafakl]jakg^l]fhgjljYq]\Ykl`]
bad person who doesn’t want to support
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l`afcl`Yll`]imYdalqg^kh]f\af_f]]\k
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afklalmlagfk&O][gmd\_]lZ]ll]jj]kmdlk
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]Y[`\][akagf`YklgZ][Yj]^mddqo]a_`]\
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^g[mkimal]afl]fldqgfa\]fla^qaf_l`]
lghhjagjala]kl`YlqgmYj][geeall]\lg
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afY_gn]jfe]fl$]n]jqk][lgjemkl_]l
egf]qÈalÌkfgldac]qgmogmd\l]ddl`]
DYZgjEafakl]j$^gj]pYehd]$l`Ylkm\\]fdq
l`]ajeafakljqogfÌlZ]_]llaf_Yfqegf]q&
The issue is within the priority set and
a\]fla^qaf_l`]Zaf\af_[gfkljYafllgl`]
[gmfljqÌk\]n]dghe]flafgj\]jlg[YlYdqr]
]n]fegj]afn]kle]fl^jgel`]hjanYl]
k][lgj&Ê
Oal`l`akafeaf\$Gcgfbg%Ao]YdY
Yf\`]jeafakl]jaYd[gdd]Y_m]kYj]n]jq
em[`^g[mk]\gf[j]Ylaf_`a_`]jd]n]dk
g^]ehdgqe]fl&ÉO]`Yn]`a_`_jgol`
ZmlalÌkfglbgZ[j]Ylaf__jgol`$Êk`]
Y\ealk&É:q*(-(Fa_]jaYoadd`Yn]l`]
Õ^l`qgmf_]klhghmdYlagfafl`]ogjd\Yf\
a^o]\gfÌlj]nak]gmjkljYl]_qfgoo]
oadd`Yn]Yk]jagmkhjgZd]e&ÊL`]lYj_]l
aklg[j]Yl])&0eaddagfbgZkYq]YjZml
l`]j]ak[mjj]fldqY.(($(((k`gjl^Ydd$
k`][gf[]\]k&ÉO]Ydkg`Yn]-&+eaddagf
h]ghd]mf]ehdgq]\o`a[`o]`Yn]lg
\]Ydoal`&Kg$o]Yj]fgodggcaf_YlYj]Yk
km[`Ykqgml`]flj]hj]f]mjk`ah&:mll`]
Za__]klhjagjalqaklgkmhhgjll`gk]k][lgjk
l`Yl`Yn]l`]Za__]klhgl]flaYd^gj_jgol`
Yf\bgZkafl`]][gfgeqÈY_ja[mdlmj]$l`]
[j]Ylan]af\mklja]kYf\kggf&Ê
<]khal]l`]k][`Ydd]f_]k$Gcgfbg%
Ao]YdYj]eYafk[gfÕ\]fll`YlFa_]jaYak
poised to continue its ascent in the years
Y`]Y\&K`][gf[dm\]\ZqkYqaf_$ÉO]`Yn]
Ydgf_oYqlg_gZmlAl`afcl`Ylo]`Yn]
l`]ja_`lkljYl]_qafhdY[]lgeYc]l`]
hjg_j]kko]f]]\&Ê
11
Accelerating
Africa’s
progress
9\][Y\]g^][gfgea[
]phYfkagf`Ykd]^l9^ja[Y
o]ddhdY[]\^gjl`]^mlmj]$
says EY’s Joe Cosma&:ml
[`Ydd]f_]kj]eYaflg[j]Yl]
l`]bgZkYf\_jgol`l`Yloadd
da^l]n]j_j]Yl]jfmeZ]jkg^
9^ja[Yfkgmlg^hgn]jlq&
12
Dynamics Ň Issue 10 Ň December 2014
Feature |9^ja[Y_jgol`
C
gfkakl]flYf\jgZmkl_jgol`Èl`Yl]dmkan]]dapaj`mfl]\
Zqhgda[qeYc]jkYjgmf\l`]ogjd\È`YkZ]]fl`]j]Ydalq
^gjY`m_]jYf_]g^9^ja[Yf[gmflja]k^gjgn]jY\][Y\]&
AlÌkY^Y[logjl`j]h]Ylaf_&O`ad]gl`]j[gmflja]k`Yn]Z]]fd]^l
\]]hdqk[Yjj]\Zql`]lgpa[eapg^j][]kkagfYf\bgZd]kkf]kk
[Ymk]\Zql`]_dgZYdÕfYf[aYd[jakak$9^ja[Yf][gfgea]k
`Yn]hjgn]\j]eYjcYZdqj]kada]fl&L`]kmZ%KY`YjYf9^ja[Yf
KK9!][gfgeqafhYjla[mdYj`Ykkmj_]\^gjoYj\$egj]l`Yf
imY\jmhdaf_afl`]h]jag\kaf[]*(((&:mll`akakfglae]^gj
[gehdY[]f[q&
<]khal]l`]YZmf\Yflhgkalan]][gfgea[\YlY$kc]hla[akekladd
j]eYafk&Mf^gjlmfYl]dq$em[`g^l`akakjggl]\aff]_Ylan]`aklgja[Yd
Z]da]^kYZgml9^ja[YYkY[gfÖa[l%ja\\]f$hgdala[YddqmfklYZd]Yf\
`gh]d]kkdq[gjjmhlZYkc]l[Yk]$Yf\l`]j]j]eYafk]fgm_`ZY\
f]okaf9^ja[Ylgj]af^gj[]l`]f]_Ylan]kl]j]glqh]k&L`]j]Ydalqg^
km[`YnYklYf\\an]jk][gflaf]flakl`YlYkem[`Yko]eYqoYfl
lg[]d]ZjYl]l`]eYfq][gfgea[km[[]kkklgja]kÈ^jge:glkoYfY
lgEgrYeZaim]$lgRYeZaY$lgJoYf\Y$lg9f_gdY$lgFa_]jaY$
lg?`YfY$Yf\kggfÈl`]j]Yj]Ydkgk]n]jYdklYl]kl`Ylj]eYaf
^jY_ad]&KY\dq$l`gm_`$alaklggg^l]fl`]^Yadmj]kÈaf[j]Ykaf_dql`]
]p[]hlagfjYl`]jl`Yfl`]fgjeÈl`Yl\geafYl]l`]*,'/e]\aY
cycle.
L`]kc]hla[akeoal`o`a[`l`]9^ja[Yjakaf_klgjqakkladd
kge]lae]kna]o]\akg^l]fl`]j]kmdlg^a_fgjYf[]&AleYfa^]klk
egklgZnagmkdqafgmjj]k]Yj[`oal`l`]klmZZgjfh]j[]hlagf_Yh
Z]lo]]f[gehYfa]kYdj]Y\q]klYZdak`]\af9^ja[YYf\l`gk]l`Yl
do not yet operate in the continent. Those with an established
Zmkaf]kkhj]k]f[]af9^ja[YYj]egj]hgkalan]l`Yf]n]jYZgmll`]
continent’s prospects, while those with no business presence in
9^ja[Yna]ol`][gflaf]flYkl`]ogjd\Ìkd]YklYlljY[lan]afn]kle]fl
destination.
AlakaehgjlYfl$l`]f$lg[gflafm]lghjgna\]]na\]f[]g^
l`][gflaf]flÌkhjg_j]kk$kgl`Yl\][akagfkYj]\jan]fZq^Y[lk
jYl`]jl`Yfg^l]fgml\Yl]\h]j[]hlagfk&@go]n]j$alakYdkg[d]Yj
l`Yl$\]khal]l`]hjg_j]kkkaf[]l`]]f\g^l`][gd\oYjYf\
YhYjl`]a\$em[`ogjckladdf]]\klgZ]\gf]lgj]Ydar]9^ja[YÌk
nYklhgkkaZadala]k&AfljY%j]_agfYdljY\]$^gj]pYehd]$akkmZklYflaYddq
Z]dgoo`Yl[YfZ]Y[`a]n]\&L`]j]akYdkgl`]f]]\lgZj]Yc\gof
l`]ZYjja]jkg^ljY\alagfYdkmZkakl]f[]Y_ja[mdlmj]Yf\l`]fj]hdY[]
aloal`dYj_]%k[Yd][gee]j[aYdgh]jYlagfk[YhYZd]g^e]]laf_l`]
hjg\m[lagfgZb][lan]kj]imaj]\ZqY[gflaf]flafljYfkalagf&
Five priorities for inclusive,
sustainable growth
Alak[d]Yjl`Yll`]hgl]flaYd]paklk^gjmklgZ]hYjlg^Yf9^ja[Yf
^mlmj]l`Ylogmd\`Yn]Z]]fnajlmYddqmfaeY_afYZd]Y_]f]jYlagf
Y_g&L`]j]Ydalql`gm_`akl`Yll`]Z]kl[Yk]^mlmj]^gj9^ja[Yak
f]al`]jaf]nalYZd]fgjoaddal`Yhh]foal`gmlY[lan]hYjla[ahYlagf
Yf\[geeale]fl^jgeemdlahd]klYc]`gd\]jk&Oal`l`]^Ykl]kl
_jgoaf_hghmdYlagfafl`]ogjd\$l`]j]j]eYafkYj]Yd[`Ydd]f_]lg
13
The African growth story is real
1988 - 2000
2001 - 2012
2013 - 2030
GDP growth CAGR
Abgn]-
:]lo]]f(Yf\-
D]kkl`Yf( f]_Ylan]!
l`]j]imaj]\fmeZ]jg^bgZk^gj9^ja[YÌkqgml`&A^o]_]lalja_`l$
Yf\Ykl`]fmeZ]jg^Y[lan]][gfgea[[alar]fkaf[j]Yk]$kglgg
oaddl`]j]kada]f[]g^9^ja[YÌk][gfgea]k&9f]e]j_af_[gfkme]j
[dYkkYf\af[j]Ykaf_\ge]kla[\]eYf\Yj]l`]c]q\jan]jkg^
kmklYafYZd]_jgol`&
L`]Öahka\]$g^[gmjk]$akYk[]fYjagafo`a[`l`]][gfgea[
km[[]kko]`Yn]]ph]ja]f[]\gn]jl`]hYkl)-q]Yjk^Yadklg
ljYfkdYl]aflg^mf\Ye]flYddqaehjgn]\dan]k^gjegkl9^ja[Yfk$
Yf\af]imYdalqd]n]dk[gflafm]lgoa\]f&L`akk[]fYjagakdac]dq
lgd]Y\lghgdala[YdYf\kg[aYdafklYZadalq$Yf\eYqo]ddj]kmdlafY
kalmYlagfafo`a[`9^ja[Yf][gfgea]kZ]_aflgklY_fYl]gj]n]f
^YddZY[c&L`]j]Yj]eYfq[`Ydd]f_]kYf\ghhgjlmfala]kl`Ylo]
[gmd\^g[mkgfafl]jekg^c]]haf_gmj][gfgea]kgfl`]hYl`
lgoYj\af[dmkan]$kmklYafYZd]_jgol`&:mljYl`]jl`Yfh]jkaklaf_
oal`Y[gfn]jkYlagfYZgml_jYf\YeZalagf$l`]]eh`Ykakfgo
k`gmd\Z]YZgml^g[mkaf_gfY^]oYj]Ykl`Yloadd`Yn]l`]Za__]kl
aehY[l&Afl`ak[gfl]pl$Õn]l`]e]k`Yn]]e]j_]\Ykhjagjala]k^gj
action.
I. Embracing a philosophy of shared value
L`][gf[]hlg^k`Yj]\nYdm]Èl`]a\]Yl`Ylqgm[Yfhmjkm]
hjgÕloal`hmjhgk]3l`Ylqgm[Yf\gZmkaf]kko`ad]`Ynaf_Y
\aj][lhgkalan]][gfgea[aehY[lgfl`][geemfala]kafo`a[`qgm
gh]jYl]È`Ykaf[j]Ykaf_dqkljm[cY[`gj\oal`eYfq9^ja[Yfk&
GmjgofgZk]jnYlagfakl`Yll`]gj_YfarYlagfkl`Yl`Yn]Z]]fl`]
egklkm[[]kk^mdaf9^ja[YYj]lYcaf_Ydgf_%l]jena]o&L`]qj]Ydar]
l`Yll`]j]Yj]fgk`gjl[mlk$Yf\$egj]aehgjlYfldq$l`]qj]Ydar]
14
l`Yl^gjl`]ajZmkaf]kklg_jgokmklYafYZdqgn]jl`]dgf_]jl]je$
l`]][gfgea]kYf\[geemfala]kafo`a[`l`]qgh]jYl]f]]\lg
_jgokmklYafYZdq&Gfgf]`Yf\$l`]Za__]jl`]kcaddkhggd$l`]
egj]bgZkYf\][gfgea[ghhgjlmfala]kYj][j]Yl]\$l`]dYj_]j
l`]kh]f\af_hgo]jg^[gfkme]jkYf\_gn]jfe]fl&Gfl`]gl`]j
`Yf\$l`]j]oaddZ]Y_j]Yl]jfmeZ]jg^ghhgjlmfala]k^gjZmkaf]kk
_jgol`&9h`adgkgh`qg^k`Yj]\nYdm]ak^mf\Ye]flYdlgl`akoaf%
oaf_jgol`]imYlagf&>gjmklgY[[]d]jYl]9^ja[YÌkhjg_j]kk$alak
[jala[Ydl`Ylo]YddÈY[jgkkl`]hjanYl]$hmZda[Yf\kg[aYdk][lgjkÈ
Y[lan]dq]eZjY[]l`akh`adgkgh`q&
II. Promoting entrepreneurship
9c]q]d]e]flg^l`]_jgol`]imYlagfoaddZ]l`]hjgeglagfg^
]flj]hj]f]mjk`ahY[jgkk9^ja[Y&Lg\Yq$af\a_]fgmk9^ja[YfÕjek
dac]l`]EYjY?jgmh$K=HD9LH]ljgd]me<]n]dghe]fl;gehYfq$
C]fqYOge]fÌk>afYf[]LjmklYf\GMLkmjYf[]$[j]Yl]\aj][lYf\
af\aj][l][gfgea[ghhgjlmfala]k^gj`mf\j]\kg^l`gmkYf\kg^
9^ja[Yfk&Alak]flj]hj]f]mjaYd]fl]jhjak]kdac]l`]k]l`YloaddZ]
l`]eYaf\jan]jkg^l`]bgZ[j]Ylagfj]imaj]\lgj]Ydar]af[dmkan]$
kmklYafYZd]_jgol`&>gjgj_YfarYlagfk_]fmaf]dq[geeall]\lg
k`Yj]\nYdm]$l`]hjgeglagfg^dg[Yd[gfl]flYf\]fl]jhjak]
\]n]dghe]flk`gmd\l`]j]^gj][d]YjdqZ]Yc]qZmkaf]kkhjagjalq&
III. Accelerating regional integration
L`][`Ydd]f_]kg^egnaf__gg\kYf\h]ghd]Y[jgkkZgj\]jk
j]eYafYkgmj[]g^ka_faÕ[Yfl^jmkljYlagf^gjeYfqg^mko`g\g
Zmkaf]kkaf9^ja[Y&F]_glaYlagfkYj]mf\]joYq^gjl`][j]Ylagf
g^l`]kg%[Ydd]\LjahYjlal]>j]]LjY\]9j]Y$o`a[`oadd[gfklalml]
Dynamics Ň Issue 10 Ň December 2014
Feature |9^ja[Y_jgol`
Yfafl]_jYl]\eYjc]l[gehjakaf_*.9^ja[Yf[gmflja]koal`Y
[geZaf]\hghmdYlagfg^.((eh]ghd] gfdq;`afYYf\Af\aY`Yn]
dYj_]jhghmdYlagfk!$YlglYd?<Hg^egj]l`Yf)l$Yf\Ydgf_
l]je?<H_jgol`jYl]af]p[]kkg^-&@go]n]j$l`]j]j]eYafk
kge]oYqlg_glgj]Ydar]l`akYeZalagf$Yf\l`]j]f]]\klgZ]
_j]Yl]jmj_]f[qlgY[[]d]jYl]l`]hjg[]kkg^j]_agfYdafl]_jYlagf
egj]_]f]jYddq&
IV. Bridging the infrastructure gap
MdlaeYl]dq$l`]aehY[lg^j]_agfYdafl]_jYlagfoadd\]h]f\
gfl`]imYdalqg^gmjaf^jYkljm[lmj]$Zgl`lgh`qka[Yddq[gff][l
eYjc]lkYf\lg_]f]jYl]]fgm_`]d][lja[alqlgkmhhgjll`]
\]n]dghe]flg^eYfm^Y[lmjaf_Yf\gl`]jaf\mkljaYdk][lgjk$
Yf\]f`Yf[]l`]gn]jYdd[geh]lalan]f]kkg^l`]j]_agf&O`ad]
hjg_j]kkakZ]af_eY\]afhYjlkg^9^ja[Y$l`af_kYj]kladd
egnaf_lggkdgodq&L`]Za__]kl_YhYhh]YjklgZ]af\]n]dghaf_
af^jYkljm[lmj]hjgb][lk^jge[gf[]hllgYh`Yk]g^ÉZYfcYZadalqÊ&
L`]f]]\^gjhjgb][lkak[d]Yjdql`]j]Yf\l`]^mf\af_^gj_gg\
hjgb][lkakaf[j]Ykaf_dqYnYadYZd]$Zmlo`Ylakg^l]feakkaf_Yj]
l`][YhYZadala]kYf\[YhY[alqlgkqkl]eYla[Yddq^jYe]Yf\k`Yh]
projects to the point at which they are bankable.
V. Forging productive partnerships
HYjlf]jk`ahkYj]_gaf_lgZ][jala[Yda^o]Yj]lgj]Ydar]9^ja[YÌk
hgkkaZadala]k&9dl`gm_`ljmklZ]lo]]fZmkaf]kkYf\_gn]jfe]flk
Y[jgkkeYfqhYjlkg^9^ja[Yj]eYafkdgo$]eZjY[af_Yoaf%oaf
h`adgkgh`qg^k`Yj]\nYdm][gmd\hjgna\]YhdYl^gje^gj\aYdg_
Yf\[gddYZgjYlan]Y[lagf&@go]n]j$afgj\]j^gjmklgkm[[]kk^mddq
\jan]af[dmkan]$kmklYafYZd]_jgol`$o]Yj]Ydkg_gaf_lg`Yn]lg
Z]Ydglegj]hjgY[lan]af^gj_af_emdla\ae]fkagfYdhYjlf]jk`ahk
ÈY[jgkkZmkaf]kk$_gn]jfe]fl$\]n]dghe]flÕfYf[]afklalmlagfk$
\gfgjY_]f[a]k$Yf\kggfÈhYjla[mdYjdqlgY\\j]kk[jgkk%[mllaf_
hjagjala]kg^]flj]hj]f]mjaYd\]n]dghe]fl$j]_agfYdafl]_jYlagf
Yf\af^jYkljm[lmj]\]n]dghe]fl&
Eyes on the horizon
L`]k`Yh]g^9^ja[YÌk^mlmj]oaddj]klgfgmjYZadalqlg[gff][l
Yf\afl]_jYl]eYjc]lkY[jgkkl`][gflaf]fl$Yf\l`] j]dYl]\!
[ggh]jYlagfZ]lo]]fl`]hmZda[Yf\hjanYl]k][lgj&L`ak
[gddYZgjYlagfakhYjla[mdYjdqaehgjlYflafgj\]jlg]f[gmjY_]
Yf\`Yjf]kkaf[dmkan]_jgol`$bgZ[j]Ylagf$_jgoaf_\ge]kla[
][gfgea[ghhgjlmfala]kYf\Y`a_`]jlYpZYk]&L`]k]^Y[lgjkoadd$
aflmjf$]fYZd]_j]Yl]jd]n]dkg^j]_agfYdafl]_jYlagfYf\egj]
]^^][lan]_gn]jfe]fl$Yf\mf\]jhafYf\kmklYaf9^ja[YÌkkm[[]kk
story.
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lg_]l`]joal`j]kada]fl_jgol`jYl]k$e]Yfl`Yll`][gflaf]fl
YkYo`gd]akgfljY[clgkmklYafalk^gjoYj\hjg_j]kk&:mll`akak
f]al`]j[d]Yj[mlfgj_mYjYfl]]\3Y[lan]\aYdg_Yf\[gddYZgjYlan]
Y[lagfYj]]kk]flaYdlgj]Ydar]9^ja[YÌkhgkkaZadala]k&D]lÌk_]llg
work.
Joe Cosma is EY’s Government & Public Sector Partner in Africa
[email protected]
Download EY’s report, Africa 2030: Realizing the possibilities at www.ey.com/za
24
21
Number of economies growing at a rate greater than 5%
11
11
0
/
.
.
+
1
9kaY%HY[aÕ[
2
;AK;
)100%*(((
+
1
K=
2001 - 2012
4
1
Ea\\d]=Ykl
K9
*()+%*(+(
Source: Oxford Economics Database, EY analysis
Dynamics Ň Issue 10 Ň December 2014
15
Next stop,
Brussels
T
`]j][]fl][gfgea[og]kg^l`]=mjgh]YfMfagf
=M!`Yn]Z]]fo]dd\g[me]fl]\&:mlo`ad]l`]
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\]]hk[YjkY[jgkkl`]j]_agf$=mjgh]Ìk][gfgea[Yf\
political union continues to enjoy substantial allure.
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way.
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=mjgh]Yf;gmf[adkmeealaf*((+&L`]hjg[]kk^gjeYddq
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16
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European Union, Tanja
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Z]af_d]\$gfK]jZaYÌkka\]g^l`]lYZd]$Zqalk@]Y\g^l`]
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?an]fl`]aflja[Yl]Yf\[gehd]po]Zl`Ylak`a_`%
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da^]dgf_hmZda[k]jnYfl$Zml`]jkakY[lmYddqYfY[Y\]ea[
ZY[c_jgmf\$Y\eall]\dqgf]kl]]h]\af=mjgh]Yfhgdala[k&
@Ynaf_klm\a]\l`]=MafklalmlagfkYkYmfan]jkalqklm\]fl
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[dgk]dqljY[cl`]Y[[]kkagfhjg[]kkg^;]fljYdYf\=Ykl
=mjgh]Yf[gmflja]k$o`ad]Yll`]kYe]lae]hmjkmaf_Yf
Y[Y\]ea[[Yj]]jYll`]Mfan]jkalqg^:]d_jY\]&@]jd]n]d
g^]ph]jlak]kggfYlljY[l]\l`]Yll]flagfg^_gn]jfe]fl
g^Õ[aYdko`g$af*((-$afnal]\`]jlgZ][ge]<aj][lgj
g^l`]K]jZaYf=mjgh]YfAfl]_jYlagfG^Õ[]$l`]Õjklg^
k]n]jYdjgd]kk`]oYklgÕddgfl`]^jgfldaf]g^K]jZaYÌk
accession process.
Dynamics Ň Issue 10 Ň December 2014
We meet ... |K]jZaY@]Y\g^l`]=MF]_glaYlaf_L]Ye
Dynamics Ň Issue 10 Ň December 2014
17
ÉAÌefgl[geaf_^jgel`]hgdala[Yd
kh`]j]$Êk`]hgaflkgml&ÉAÌefglY
e]eZ]jg^Yfqhgdala[YdhYjlqYf\
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ljY[cg^l`]Y_]f\Y&J]_Yj\d]kkg^l`]
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?gn]jfe]fl$l`]q`Yn]Y[[]hl]\l`]
cfgod]\_]Yf\l`]]ph]ja]f[]g^gmj
l]YeYf\l`YlÌkkge]l`af_l`YlakYj]Yddq
hgkalan]\]n]dghe]fl&Ê
On the road to
accession
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1 October 05
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3 May 06
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Qm_gkdYnaY`Ykfglaehjgn]\
18
Dynamics Ň Issue 10 Ň December 2014
We meet ... |K]jZaY@]Y\g^l`]=MF]_glaYlaf_L]Ye
GZnagmkdq$l`]j]Yj]gl`]j
Yj]Yko`a[`Yj]n]jq
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Making the case for
Europe
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into their backyard and we need to ensure
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eastern European countries when they
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13 June 07
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LjaZmfYd^gjl`]^gje]jQm_gkdYnaY
7 November 07
K99oal`K]jZaYakafalaYl]\
Dynamics Ň Issue 10 Ň December 2014
19
L`]j]YdaehY[lg^=mjgh]Yf
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properly.
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not because we are not enthusiastic, but
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across European capitals. The two nations
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1 January 08
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j]Y\eakkagf]fl]jaflg^gj[]
18 February 08
;gmf[adY\ghlkj]nak]\=mjgh]YfhYjlf]jk`ah^gjK]jZaY
20
Dynamics Ň Issue 10 Ň December 2014
We meet ... |K]jZaY@]Y\g^l`]=MF]_glaYlaf_L]Ye
l`Ylg^l`]=M&EaĬ]naĦY\ealkl`]k]
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decision on what will happen with this
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Between Brussels and
Belgrade
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because now we are in a phase where we
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are on the phone on a daily basis and
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her.
Stephen Fish is EY’s Country Leader in Serbia
kl]h`]f&b&Õk`8jk&]q&[ge
Ioanna Kokkinou is an Associate Director in EY’s
EU Account Team
29 April 08
K99Yf\Afl]jaeY_j]]e]flgfljY\]Yf\ljY\]%
j]dYl]\akkm]kYj]ka_f]\afDmp]eZgmj_
[email protected]
19 December 09
NakYj]imaj]e]flda^l]\^gjK]jZk
ljYn]ddaf_lgK[`]f_]f[gmflja]k
Dynamics Ň Issue 10 Ň December 2014
21
Life in
the hot
seat
:mad\af_k`Yj]\
prosperity in an
unequal world is hardly
l`]]Yka]klg^lYkck&
:mlalÌkYc]qYaeg^
Ogjd\:YfcHj]ka\]fl
Dr. Jim Yong Kim.
He tells us about his
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l`Yl[gflafm]klgeYc]oYn]kZgl`afka\]Yf\gmlka\]l`]
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Medical matters
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22
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Dynamics Ň Issue 10 Ň December 2014
We meet ... |O:H
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Yf\oal`Ydegkll`j]]q]Yjkg^`akl]jekladdlg_g$aloaddZ]
^Yk[afYlaf_lgk]]o`YlÌk`Yhh]fkf]pl&OYl[`l`akkhY[]&
23
Under the
Tanzanian sun
>jge`meZd]Z]_affaf_k$
Patrick Ngowi’s
]flj]hj]f]mjaYdÖYajkYo
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LYfrYfaYfl]]fY_]jÈo`ad]kladdeYaflYafaf_`a_`_jY\]k^jge`akl]Y[`]jkÈkhgll]\
Y_Yhafl`]eYjc]lYf\o]fl^gjal&
L`]]jYg^egZad]l]d][geemfa[Ylagfk`Y\bmklZ]_mfYf\F_goa$l`]kgfg^log
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]n]jqZg\qoYkdggcaf_^gj]pljYYajlae]Zmll`]ngm[`]jko]j]gfdqYnYadYZd]o]j]
l]d][ge[gehYfa]ko]j]dg[Yl]\$Ê`]j][Yddk&ÉAl`gm_`lo`qfgl_]lhmehYll]f\Yflk
lgk]ddl`]e&AZgjjgo]\MK-(^jgeeqhYj]flklg_]lklYjl]\Yf\gfl`]k[`ggdZmkA
ogmd\_]lg^^aflgofafgj\]jlgZmql`][Yj\k^jgel`]Za_\]Yd]jkYf\\]dan]jl`]elg
l`]h]ljgdhmehYll]f\YflkZ]^gj]_gaf_`ge]&Ê
>gjl`]f]pllogq]Yjkl`]Zmkaf]kkÖgmjak`]\Yk`]eY\]YkeYddeYj_afgf]Y[`
ljYfkY[lagf$kge]l`af_l`YloYk`]dh]\`m_]dqZql`][gdd][lan]\][akagfg^l`]h]ljgd
hmehYll]f\Yflklg\gal^gj^j]]Z][Ymk]l`]qj][g_far]\l`]k[Yd]g^l`]hjgZd]e&
ÉAfZmkaf]kk$l`]j]akYkYqaf_l`YleYfqh]ghd]`Yn]ka_`lZml^]o`Yn]nakagfZmll`]
Yll]f\Yflk$lgg$`Y\l`]nakagf$Ê`]Y\\k&ÉAlÌkn]jqaehgjlYfllgdggcYll`af_kafl]jek
g^l`]ghhgjlmfalq&Ê
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>gjF_goa$_jgoaf_mhafLYfrYfaYe]Yfl_jgoaf_mhafYdYf\g^h]Y[]Yf\
klYZadalq&L`]][gfgea[_jgol`l`Yl`Yk][`g]\Y[jgkkalk[geemfala]kgn]jl`]hYkl
\][Y\]go]kem[`lgalkja[`fYlmjYdj]kgmj[]k&Fglkmjhjakaf_dq^gjY[gmfljqZd]kk]\
oal`\an]jk]oad\da^]$a\qdda[Z]Y[`]kYf\kfgo%[Yhh]\EgmflCadaeYfbYjg$lgmjake
^]Ylmj]khjgeaf]fldq&:ml^gj]a_f\aj][lafn]kle]flakYdkggfl`]mh&=QÌk2014 Africa
Attractiveness Survey^gmf\l`Ylj][]fldq\ak[gn]j]\_Ykj]k]jn]kYj]hjgh]ddaf_afn]klgj
afl]j]kl$Ykakl`]?gn]jfe]flÌkegn]klgh]jkmY\]hjanYl][gehYfa]klgafn]klaf
af^jYkljm[lmj]ghhgjlmfala]k$km[`YkjgY\[gfkljm[lagf&
ÉO`]fqgmdggcYl9^ja[Y$alakYlglYdg^-,[gmflja]k$ÊgZk]jn]kF_goa&ÉLYfrYfaYak
gf]g^l`]egklh]Y[]^mdYf\klYZd]Yf\`Yk]fbgq]\_gg\][gfgea[_jgol`^gjo`a[`A
`Yn]lgYhhdYm\l`]LYfrYfaYf?gn]jfe]fl&O`YlÌkegklaehgjlYflakl`Yll`akklYZadalq
Yddgokh]ghd]lg^gddgol`]aj\j]YeYf\Z]YZd]lg\gZmkaf]kk&:mkaf]kkakYZgmllYcaf_
jakckÈZml[Yd[mdYl]\jakckÈYf\klYZadalqaknalYd&:ml]flj]hj]f]mjk`ah$lgkge]]pl]fl$
24
Dynamics Ň Issue 10 Ň December 2014
Feature ... |Mf\]jl`]LYfrYfaYfkmf
Ydkg[ge]kfYlmjYddqlgkge]
h]ghd]&O`]fAoYk_jgoaf_mhYl
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in rural areas where the people
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phones and accessories direct
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d]Yjf]\YZgmlj]f]oYZd]]f]j_q^gjl`]Õjkllae]&
Spreading the word
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couldn’t abide that, no way, but I
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opportunity
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ghhgjlmfala]k&F]oZmkaf]kkeg\]dkafjmjYdLYfrYfaYYj][j]Yl]\
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gofklYjl%mh$@]dn]la[KgdYj;gfljY[lgjk$o`a[`Yae]\lgkmhhdq$
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egj]l`Yf)$(((jmjYdhYjla[ahYflk&
least, that was the plan.
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hgo]jg^l`]9^ja[Yfkmfmf\]jhaffaf_hdYfklg]phYf\aflggl`]j
Yfmfcfgofj]kgmj[]lgeYfqLYfrYfaYfkÈZml`]h]jk]n]j]\
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Yf\$kdgodqZmlkmj]dq$f]oZmkaf]kkZ]_Yflglja[cd]af&9k
slow down.
ogj\khj]Y\$gj_YfarYlagfk^jgel`]hmZda[Yf\hjanYl]k][lgjk
o]j]ogfgn]j$af[dm\af_emdlafYlagfYd[gehYfa]k$_gn]jfe]fl
Y_]f[a]kYf\l`]Mfal]\FYlagfk&
Reach for the sky
Dynamics Ň Issue 10 Ň December 2014
25
Moving
forward,
moving up
F
Ykl%_jgoaf_][gfgeq7;`][c&Ja[`
fYlmjYdj]kgmj[]k7;`][c&9\nYflY_]gmk
_]g_jYh`a[dg[Ylagf7;`][c&Aehjgnaf_
Zmkaf]kk[daeYl]7;`][c&9k\]n]dghe]fl
[daeYl]k_g$alÌk^YajlgkYql`YlCYrYc`klYfÌk
isn’t bad.
;]jlYafdq$l`][gmfljqÈo`a[``YkgfdqZ]]f
af\]h]f\]flkaf[])11)È`YkZ]]fgfimal]Y
bgmjf]qafj][]flq]Yjk&HYjldq$l`akak\goflg
dg[Ylagf&9dl`gm_`gmjkakl`]ogjd\ÌkdYj_]kl
dYf\dg[c]\[gmfljqZqdYf\Yj]YÈfghgjlk
`]j]Ègmjhgkalagfaf;]fljYd9kaYfgf]l`]d]kk
`]dhkZja\_]l`]=Ykloal`=mjgh]$Lmjc]q
Yf\l`]Ea\\d]=Ykl&:gj\]j]\Zqlogg^l`]
:JA;[gmflja]k JmkkaYYf\;`afY!$Yko]ddYk
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dalld]kmjhjak]l`YlZadYl]jYd][gfgea[la]k`Yn]
Ögmjak`]\Yea\gmj_dgZYd][gfgeq&Af\]]\$
l`Yfcklgalkeaf]jYd]f\goe]flYf\gmjjakaf_
]phgjlkg^gadYf\_Yk$CYrYc`klYf`YkZ][ge]
;`afYÌkegklaehgjlYfl][gfgea[hYjlf]jaf
;]fljYd9kaY&
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gmj\]]hdqnYja]\l]jjYaf$o`a[`af[dm\]kkfgo%
26
CYrYc`klYfakY
[gmfljqgfl`]egn]$
says EY’s Erlan
Dosymbekov. Here,
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Z]\gf]lghjgh]d]n]f
^Ykl]j_jgol`afl`]
years ahead.
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][gfgea[\]n]dghe]fl$l`][gmfljqak\an]jka^qaf_
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af\mklja]kafgj\]jlg[j]Yl]Yegj]cfgod]\_]%
\jan]fYf\afn]klgj%^ja]f\dq][gfgeq&9kYj]kmdl$
k][lgjkkm[`YkY_ja[mdlmj]Yf\Y_jg%hjg[]kkaf_$
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[gmfljqÌkeY[jg][gfgea[$kg[aYdYf\hgdala[Yd
stability.
EY recently launched our latest Kazakhstan
Attractiveness Survey$o`a[`]pYeaf]kl`]
YlljY[lan]f]kkg^l`][gmfljqYkYfafn]kle]fl
\]klafYlagf&Kg$o`Yl\a\o]Õf\7
Dynamics Ň Issue 10 Ň December 2014
Feature ... |CYrYc`klYf
LghÔn]egklYlljY[lan]^]Ylmj]k
9[[gj\af_lgafn]klgjk]klYZdak`]\afCYrYc`klYf
Macroeconomic stability
Building “brand
Kazakhstan”
Kaf[]alkaf\]h]f\]f[]$CYrYc`klYf`Yk
_]f]jYl]\ka_faÕ[Yflege]flmeafYlljY[laf_
><AYf\l`akq]YjÌkkmjn]qj]n]Yd]\l`Yll`]
[gmfljqÌkÉZjYf\h]j[]hlagfÊak_jgoaf_kljgf_dq&
Oal`afn]klgjYoYj]f]kk$Yegf_Zgl`]klYZdak`]\
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hdYq]jkYj]dac]dqlg]fl]jl`]][gfgeq$o`a[`oadd
afl]fka^q[geh]lalagfafl`]eYjc]l&Km[`j]kmdlk
[Yfdac]dqZ]ljY[]\lgeYfqYf\nYjagmkgf_gaf_
_gn]jfe]fl]^^gjlk$km[`Ykl`]=PHG*()/
[YehYa_f$j]_mdYjafl]jfYlagfYdnakalk$jgY\k`gok
Yf\^gjmek$CYrYc`klYfÌkY[lan]afngdn]e]flaf
j]_agfYdYf\afl]jfYlagfYdafl]_jYlagfhjg[]kk]k$
Yko]ddYkklj]f_l`]faf_j]dYlagfkoal`alkc]q
trade partners.
Afn]klgj[gfÕ\]f[]afCYrYc`klYfÌkhgl]flaYd
akYlYfYdd%lae]`a_`[gehYj]\lghj]nagmkq]Yjk$
Y[[gj\af_lgl`]kmjn]q&O]^gmf\l`Yl,/&+g^
j]khgf\]flkkYa\l`Yll`][gmfljqÌkYlljY[lan]f]kk
oaddaf[j]Yk]gn]jl`]f]pll`j]]q]Yjk$[gehYj]\
oal`,)&,o`gl`gm_`lkgaf*()+$Yf\,+af
Dynamics Ň Issue 10 Ň December 2014
81.2%
Stable political and social environment
79.6%
Telecommunication infrastructure
72.8%
Domestic market
63.4%
Corporate taxation
56.8%
17.7% 1.1%
16.8% 3.6%
17.8%
9.4%
30.9%
20.1%
5.7%
23.1%
9[[gj\af_lgafn]klgjkfgl]klYZdak`]\afCYrYc`klYf
Local labor costs
46.5%
Telecommunication infrastructure
40.6%
Domestic market
37.4%
Macroeconomic stability
35.9%
Entrepreneurial culture
35.4%
Attractive
Non-attractive
36.0%
42.7%
50.5%
53.0%
51.4%
17.5%
16.7%
12.1%
11.1%
13.2%
Can't say
Source: EY's 2014 Kazakhstan attractiveness survey (total respondents: 211;
established in Kazakhstan: 78 and not established: 133).
27
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28
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Dynamics Ň Issue 10 Ň December 2014
Feature ... |CYrYc`klYf
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^mlmj]&
Dynamics Ň Issue 10 Ň December 2014
L`]`]Ynqaf\mkljqYf\Ymlgeglan]k][lgjkoadd
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29
2. Invest in infrastructure
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3. Develop human capital
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4. Ensure judicial independence
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30
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industrial sector.
3. Focus on green technologies
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A bright future …
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the world around us.
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CYrYc`klYfÈd]lÌkeYc]l`]egklg^al&
Erlan Dosymbekov is EY’s Managing Partner, Kazakhstan
and Central Asia
[email protected]
Download EY’s 2014 Kazakhstan attractiveness survey
2014, The brand paves the way, at
www.ey.com/attractiveness
Dynamics Ň Issue 10 Ň December 2014
Feature ... |CYrYc`klYf
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Dynamics Ň Issue 10 Ň December 2014
31
My story,
my views ...
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he looks back on his career and
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32
Dynamics Ň Issue 10 Ň December 2014
We meet ... |Eqklgjq$eqna]ok&&&
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the UK.
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Mfan]jkalq&AeYbgj]\af][gfgea[kYkl`akj]Ö][l]\eqdgf_%`]d\afl]j]kl
af\]n]dghe]fl&
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ogjc^gjl`][gmfljqÌk_gn]jfe]flYkYf][gfgeakl&A`Y\Y^]ddgok`ah
^gjlogq]Yjk$kgaloYkYlj]e]f\gmk[`Yf[]lgogjc^gjY\]n]dghaf_
[gmfljqgfl`]_jgmf\&O`]fAdggcZY[cYleqlae]af:glkoYfY$gf]
g^l`]Õjkll`af_kAd]Yjf]\oYkl`Yld]Y\]jk`ahj]YddqeYll]jk&:glkoYfY
akYdoYqk`]d\mhYkY_j]Ylkm[[]kkklgjqaf9^ja[YÈYf\alakÈZ][Ymk]
^mf\Ye]flYddqal`Yk`Y\j]Yddq_gg\hgdala[Ydd]Y\]jk`ahYf\_gg\
_gn]jfYf[]_gaf_ZY[ceYfqq]Yjk&L`]k][gf\l`af_Ad]Yjf]\YkhYjl
g^l`]\]n]dghe]fl]ph]ja]f[]oYkl`]j]YdarYlagfl`Yl[gmflja]kf]]\
lgk]ln]jq[d]Yj_gYdk$Yf\egj]gn]j$l`]qf]]\lg`gd\l`]\gfgjk
l`YlYj]ÕfYf[af_l`]ajhjgb][lklgY[[gmfl&:glkoYfYoYkjYl`]j_gg\
YlfglZ]af_hmk`]\Yjgmf\ZqY[lmYddqgofaf_alk\]n]dghe]flhgda[q&
L`]qo]j]l`]logZa_d]kkgfkAd]Yjf]\Yf\l`]k]Yj]l`]e]kl`Ylkladd
j]kgfYl]kljgf_dqlg\Yq&
Gf]gl`]jafl]j]klA\]n]dgh]\af:glkoYfYoYk`gogj_YfarYlagfk
ogjcgj\gfÌlogjcYf\f]]\j]^gjeaf_&Kg$afl]jfYlagfYd\]n]dghe]fl
Yf\gj_YfarYlagfYdj]^gje`Yn]Z]]fl`]loafl`]e]kl`Yl`Yn]
mf\]jhaff]\em[`g^eq[Yj]]j&
Dynamics Ň Issue 10 Ň December 2014
33
TL`]=:J<Yf\l`]CYrYc`[alqg^9deYlq`Yn]ka_f]\YdgYfY_j]]e]fl^gjYk]fagj)(%q]YjMK+1&+edgYf$o`a[`oaddZ]mk]\
lgZmqmhlg*((f]o[gehj]kk]\fYlmjYd_Yk ;F?!Zmk]k& H`glg[j]\al¡=:J<!
Moving up Whitehall’s
ladder
I then returned to the UK and joined
l`]:jalak`[anadk]jna[]lgogjc^gjo`Yl
akfgol`]<]hYjle]fl^gjAfl]jfYlagfYd
<]n]dghe]fl <>A<!ZmloYkl`]f
cfgofYkl`]Gn]jk]Yk<]n]dghe]fl
9\eafakljYlagf G<9!&
EqogjcYll`]G<9afl`])10(k
oYkYkYf][gfgeakl$^g[mkaf_dYj_]dq
gf9^ja[YZmlYdkggfKgml`9kaY&9f\
l`]faf)100$AoYkYhhjgY[`]\Zql`]
MC<aj][lgjYll`]Ogjd\:YfcYf\AE>lg
[ge]lgOYk`af_lgf$<;$Yf\Z]gf]g^`ak
Y\nakgjk&A\a\l`Yl^gjlogq]YjkYf\aloYk
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af:glkoYfY&AoYkdmj]\ZY[clgl`]MClg
ogjcYkhjanYl]k][j]lYjqlgl`]Eafakl]j
34
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bgZÈZ]^gj]Z]af_hjgegl]\&
Af)11.$Ao]fllgl`]Lj]YkmjqYf\
^jgel`]^gddgoaf_q]YjgfoYj\$AjYfl`]
hmZda[]ph]f\almj]ka\]g^l`ak\]hYjle]fl&
Akmhhgk]l`YloYkeqgl`]jZa_Zj]YcYkal
oYkl`]j]A[Ye]mhoal`l`]a\]Yg^hmZda[
k]jna[]Y_j]]e]flk HK9k!o`a[`o]j]
\jan]fZql`]f]]\^gj_j]Yl]j_gn]jfe]fl
Y[[gmflYZadalqlgHYjdaYe]flYf\[alar]fk
^gjl`]egf]qaloYkkh]f\af_&HK9ko]j]
YZgmlo`Yl\]hYjle]flko]j]kh]f\af_$
o`Yll`]qo]j]ljqaf_lgY[`a]n]Yf\
l`]q_Yn]e]Yj]Yddq_gg\[`Yf[]lg
dggcY[jgkkO`al]`YddYf\k]]o`Ylogjck
Yf\o`Yl[gmd\ogjcZ]ll]j&AlYdkg_Yn]
e]Y[`Yf[]lg\]n]dgheqa\]YkYZgml
ownership, accountability and results.
AoYkl`]fYkc]\ZqLgfq:dYaj$o`g
oYkl`]hjae]eafakl]jYll`]lae]$lg
[j]Yl]l`]H]j^gjeYf[]Yf\AffgnYlagf
Mfalo`a[`A\a\Z]^gj]egnaf_gflgjmf
l`]][gfgea[Yf\\ge]kla[k][j]lYjaYl
Yll`];YZaf]lG^Õ[]&:mlAoYfl]\lg_g
ZY[clg\]n]dghe]flÈl`YloYko`]j]eq
heart and head was. I was appointed to be
H]jeYf]flK][j]lYjqYl<>A<$l`]egkl
k]fagj[anadk]jnYflafl`]\]hYjle]fl$
Yf\l`akoYkafeYfqoYqkY_j]Yl
lae]&O]`Y\Yf]fgjegmkY_]f\Yg^
[`Yf_]Z][Ymk]mf\]jl`]Afl]jfYlagfYd
<]n]dghe]flK][j]lYjqg^KlYl]Yll`]
lae]$;dYj]K`gjl$l`]\]hYjle]floYk
Z][geaf_Yj]Ydhgo]j`gmk]$fglbmklaf
O`al]`YddZmlYdkg_dgZYddq&L`]logl`af_k
AoYkljqaf_lg\goYklg`]dh;dYj]Yf\
l`]\]hYjle]flZ][ge]YeYbgj^gj[]
afafl]jfYlagfYd\]n]dghe]fl$o`a[`al
\a\Z][ge]$Yf\l`]k][gf\hjagjalq
oYklgZ][ge]Yeg\]dg^Yo]dd%jmf
Dynamics Ň Issue 10 Ň December 2014
We meet ... |Eqklgjq$eqna]ok&&&
gj_YfarYlagf&AoYkn]jqhd]Yk]\o`]f
<>A<[Ye]lghafl`]Õjkljgmf\g^
[YhYZadalqj]na]okÈo`a[`Ykk]kk]\Ydd
\]hYjle]flkY_YafklYeg\]dg^[YhYZadalq
lga\]fla^qhjg_j]kkYf\f]plkl]hkÈYkal
k`go]\l`]klY^^l`Ylo][gmd\$lg_]l`]j$
j]YddqeYc]l`]\]hYjle]flogjco]dd&
AoYkafl`Yljgd]^gjf]Yjdqkapq]Yjk
Z]^gj]ljYfk^]jjaf_Y[jgkklgl`]Eafakljq
g^Bmkla[]lgZ]alkf]oh]jeYf]fl
k][j]lYjq&AoYkj]YddqZjgm_`laf^gj
eYfY_]jaYdd]Y\]jk`ahYkghhgk]\lg
eqcfgod]\_]g^l`]bmkla[]kqkl]e&
L`]?gn]jfe]floYfl]\Yfgmlka\]jÌk
h]jkh][lan]Ykl`]j]o]j]kgeYfq
n]kl]\afl]j]klkafl`]bmkla[]kqkl]e&
9dgf_oal`eYfqlYd]fl]\[gdd]Y_m]k$o]
aehd]e]fl]\Ykm[[]kk^md[`Yf_]hjg_jYe
[Ydd]\ÉLjYfk^gjeaf_Bmkla[]ÊYf\aloYk
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Z]afl]j]kl]\af[geh]laf_^gjl`]bgZg^
=:J<Hj]ka\]fl&
To the EBRD
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l`]f`Ynaf_lg_glg`]Yjaf_kaf^jgflg^
k`Yj]`gd\]jkYf\eYc]gmj[Yk]oYkY
j]Ydkl]hafl`]ja_`l\aj][lagfYkaloYk
Yn]jqja_gjgmk]ph]ja]f[]&Al`afcaloYk
_gg\^gjl`]gj_YfarYlagfYf\_gg\^gjl`]
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O`]fAYjjan]\Yll`]=:J<afBmdq
*()*$A`Y\eqeYfa^]klg^gjl`af_kA
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Õjkl^]oo]]ckljqaf_lgmf\]jklYf\o`Yl
l`]klY^^afl`]gj_YfarYlagfl`gm_`lo]
k`gmd\Z]ljqaf_lg[`Yf_]&O]k]lmh)*
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l`]ajogjcYf\o]`Y\YfY_]f\Y^gj
[`Yf_]&Akladd`Y\[]jlYaf`a_`%d]n]d
Dynamics Ň Issue 10 Ň December 2014
hjagjala]k&>gj]pYehd]$A^]dll`Yl\an]jkalq
Yf\af[dmkagfk`gmd\Z]Yem[`Za__]j
^]Ylmj]g^o`Yl=:J<\g]kafl]jfYddq
Yf\afgmjhjgb][lk&AloYkl`]klY^^o`g
\]ka_f]\l`]hjg[]kk]k_gaf_^gjoYj\
and we’re now well underway. I think it is
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lgklY^^&D]Y\]jkk`gmd\k]lkljYl]_qYf\
nakagfÈZmlfglea[jgeYfY_]l`]dgo]j
d]n]d\]lYadk&AÌn]YdkgeY\]alYhjagjalqlg
_]lgmlYf\YZgmlYkem[`YkhgkkaZd]&
L`akakhYjldqeqgofklqd]2o`Ylc]]hke]
kYf]afYfqbgZakk]]af_l`]aehY[lg^gmj
hjg_jYekYf\Y[lanala]kÕjkl`Yf\&Kg$al
_an]ke]_j]Ylhd]Ykmj]
lg_glg[gmflja]kl`Yl
we operate in and
Al`afcalakn]jqaehgjlYfl^gj
k]]$gfl`]_jgmf\$
how our projects are
d]Y\]jklg_an]khY[]lgklY^^&
hjg_j]kkaf_$o`Yll`]
policy issues are and
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those countries are
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]fgm_`lgj]h]Yll`ake]kkY_]gf
l]d]nakagfYf\$^Y[]%lg%^Y[]$oal`l`]
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gfYf\o]ogmd\Z]j]\m[af_gmjY[lanala]k
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under that president’s watch and so we
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Yj]af[j]Ykaf_l`]eY_YafYf\egnaf_
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Gmjo`gd]YhhjgY[`oYk\jan]fZq
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Al\]egfkljYl]kl`]aehgjlYf[]g^
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[gmflja]kYj]ljqaf_lgkYq&L`]q`Yn]Y
35
SL`]Õjklh`Yk]g^l`]=:J<ÌkMcjYaf]KmklYafYZd]=f]j_qD]f\af_>Y[adalq MK=D>!oadd\]dan]j*((?O`g^j]f]oYZd]]f]j_q
l`jgm_`YfaffgnYlan][geZafYlagfg^=:J<[gee]j[aYdÕfYf[af_$\]\a[Yl]\l][`fa[YdYkkaklYf[]kmhhgjlYf\[gf[]kkagfYd_jYfl
[g%ÕfYf[af_& H`glg[j]\al¡=:J<'Hgjg_a!
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an outsider has. In our case, we’re not
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lYdcaf_YZgml[gehYfa]kl`Ylo]ogjcoal`
afl`gk][gmflja]kYkl`]q`Yn]Y\]]h
afka_`lgfo`YlÌkY[lmYddq`Yhh]faf_&
Blending the public
and private
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Al`afcl`]cfglla]klhjgZd]ekl`YlYfq
kg[a]lq^Y[]kYj]j]dYl]\lghmZda[hgda[q$
Zmll`Yl\g]kfÌlf][]kkYjadqe]Yfl`]q
need public sector solutions. Indeed,
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36
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direction with shareholders. To be
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log[`YjY[l]jakla[kYj]`m_]dqaehgjlYfl
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:gl`g^l`]e^]dll`]ajbgZklghh]\Yl
l`Yld]n]dYf\aloYkeqbgZlgd]Y\l`]
Dynamics Ň Issue 10 Ň December 2014
We meet ... |Eqklgjq$eqna]ok&&&
aehd]e]flYlagf&L`]j]Yj]h]ghd]dac]l`Yl
Y[jgkkl`]j]_agfkAfgoogjcaf&
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j]Yddqaehj]kk]\e]&L`]qYdd]ph][lmklg
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l`]=:J<`Yk\]dan]j]\^gjqgmÊZmlYdkg
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h]ghd]Èdakl]flgo`Yll`]q`Yn]lgkYq
Yf\l`]f[ge]afoal`a\]YkYZgml`go
to help.
Dynamics Ň Issue 10 Ň December 2014
If you ask me…
L`]j]akfgl`af_Z]ll]jl`Yflgk]]*(
years later how a place that was in the
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Aj]e]eZ]jo`]fAoYk)(Yf\nakalaf_
;Yd[mllY&AloYkYdegklY@a]jgfqemk
:gk[`%klqd]hYaflaf_g^hgn]jlqYf\
\]_jY\Ylagf&A_gZY[cfgo$Yf\o`ad]
l`]j]Yj]kladdlggeYfqhggjh]ghd]$l`]
kalmYlagf`YknYkldqaehjgn]\&Kg$a^qgmÌj]
[gfka\]jaf_Y[Yj]]jaf\]n]dghe]fl$
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Z]j]kada]flYZgml$ZmlgfdqY^]ojgd]kYj]
egj]ogjl`o`ad]&
37
Country
spotlight
Chile
EY contact
Population (census 2012): )/&0eaddagf
Projected annual GDP growth rate, 2014 in October 2014: )&/-Ç*&*-
Projected annual GDP growth rate, 2015 in October 2014: +&((Ç,&((
Total FDI in 2013 (Banco Central de Chile): MK)/&1/+
[email protected]
#-.(**./.)*-.
AfÕYlagfjYl]af9m_mkl*(),2,&-
Total FDI: MK+-&*Zaddagf *()+!
Life expectancy (world health statistics 2014, OMS): //q]Yjk e]f!$0+
q]Yjk oge]f!
GNI per capita in 2014: MK)1&00/
Ethnic groups: 0_jgmh YdY[Ydm^]$YlY[Ye]Žg$YqeYjY$[gddY$eYhm[`]$
im][`mY$jYhYfma$qeYfY!
Size: /-.&(1.kicadge]l]jk
Charles Bunce Jones
Hjaf[ahYd
JakcEYfY_]e]fl
Jorge Vio Niemeyer
<aj][lgj
?gn]jfe]flHmZda[K][lgj
[email protected]
#-.(**./.)/**
Number of states: )-
38
Dynamics Ň Issue 10 Ň December 2014
Regular |;gmfljqkhglda_`l2Chile
C
`ad]akYqgmf_[gmfljq
mf\]jhaff]\ZqYkljgf_fYlagfYd
a\]flalqYf\Yo]dd%\]Õf]\jgY\
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l`]kgml`o]klg^Kgml`9e]ja[Y$alak
egj]l`Yf,$*((cadge]l]jkafd]f_l`
and is endowed with abundant natural
resources and wildernesses, such lakes,
ngd[Yfg]k$_dY[a]jk$nYdd]qkYf\^gj]klk$
as well as the driest desert in the world.
Lgl`]]Ykl$;`ad]akhjgl][l]\Zql`]
lgo]jaf_9f\]kEgmflYafkYf\lgl`]
o]kl$alakZgj\]j]\Zql`]HY[aÕ[G[]Yf&
;`ad]akY\]eg[jYla[$hj]ka\]flaYdklYl]
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lmjf$Yj]kmZ\ana\]\aflghjgnaf[]kYf\
l`]faflgemfa[ahYdala]k&L`][gmfljqÌk
hj]ka\]fl$o`gakl`]`]Y\g^klYl]Yf\
l`]`]Y\g^_gn]jfe]fl$k]jn]k^gj^gmj
q]YjkYf\ak[gfklalmlagfYddqhj]n]fl]\
^jgek]jnaf_[gfk][mlan]l]jek&Alk
d]_akdYlmj]akeY\]mhg^Y+0%k]YlK]fYl]
Yf\Y)*(%e]eZ]j;`YeZ]jg^<]hmla]k&
K]fYlgjkk]jn]^gjklY__]j]\]a_`l%q]Yj
l]jekYf\l`]\]hmla]kYj]]d][l]\^gj
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Dynamics Ň Issue 10 Ň December 2014
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clients.
39
Development: why EY?
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a project.
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For more information, visit ey.com/international-development.
40
Contacts
International development is a priority for
EY. We have extensive experience working
on international development projects
around the world and we’d like to hear
more about your needs. Contact one of our
professionals today.
Dynamics Ň Issue 10 Ň December 2014
Regular | EY contacts
Americas
Europe
Africa
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Alessandro Cenderello
Joe Cosma
US
Belgium
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Djabanor Narh
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Bill Banks
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Lynn Tho
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Nelson Jorge
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Abbas Ali
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Dynamics Ň Issue 10 Ň December 2014
41
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