Disclosable Restructuring Paper - Kazakhstan: Fostering Productive Innovation Project - P150402

No The World Bank Kazakhstan: Fostering Productive Innovation Project (P150402) I. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES A. Current Status 1. As of October 2020, both progress towards the achievement of the PDO and the overall implementation progress (IP) are rated Moderately Satisfactory with a potential to upgrade soon after a requested extension of the Project Closing Date is approved [...] While the design of the ESVC Fund in was completed in December 2018, the fund’s establishment stalled due to major transformation of the institutional landscape of the innovation system. [...] Hence in early 2019, the implementing agency initiated the transfer of the subcomponent implementation to the QazTech Ventures. [...] MDDAI plans to start the implementation of the activity right after the completion of the project extension procedures. [...] The disbursements include payment of consultant fees for the design of the Innovation Observatory (US$100K) and overhead expenditures (US$37K).