The first section identifies theoverlaps between Kazakhstan's development objectivesand the goals of IFC's new strategy of creating marketsfor the private sector. Kazakhstan's developmentobjectives are to increase diversification, employment, andproductivity. These are based on the government's 2030Strategy and 2020 Plan, as well as World Bank Group (WBG)country assessments. Operationalizing the IFC 3.0 strategyrequires identifying the markets with the greatest potentialto help meet these objectives. The approach amounts to: (a)identifying those sectors with the greatest market potentialwhich, if realized, would have the greatest impact ondevelopment objectives; (b) providing an assessment of whatis preventing the realization of market potential; and (c)indicating the IFC and WB activities that should be the toppriorities to help meet this double bottom-line ofdevelopment impact and market creation. The assessment inthe second section indicates that the sectors with thegreatest unrealized development and market potential arefood-grains, meat and poultry, and cross-Kazakhstantransport and logistics. The market potential assessmentrelies on quantitative tools (multiplier models, productspace and competitiveness benchmarking), expert interviewsand a survey of policy reports. The assessment in the secondsection indicates that the sectors with the greatestunrealized development and market potential are food-grains,meat and poultry, and cross-Kazakhstan transport andlogistics. The market potential assessment relies onquantitative tools (multiplier models, product space andcompetitiveness benchmarking), expert interviews and asurvey of policy reports. The last section summarizes thepriority horizontal reforms, sector-specific policies, andpromising sectors with the potential for expansion andgreater firm entry. The first part of this section isintended to inform the high-level dialogue between WBGmanagement and Kazakhstani authorities. The second part isessentially the sector-wide measures without which privatesector investments will not be forthcoming, recognizing thatthe aim is to create markets and expand private sectordevelopment. The third part identifies promising areas whereprivate sector actors could play a catalytic role,recognizing the ease of playing such roles differs bysector: it is greatest for grains, somewhat less for meat,and least for transport and logistics.