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Significance

Although the timing of Nazarbayev's announcement was a surprise, a handover has been long expected and a succession plan appears to be in place. Senate speaker Kassym-Jomart Tokayev has become interim president ahead of elections due next year. A safe pair of hands, Tokayev is unlikely to become president. Nazarbayev's daughter became Senate speaker today but she too is an unlikely successor.

Impacts

A well-managed transition will cement a positive legacy for Nazarbayev at home and abroad.

During the transition, the political environment is likely to become more closed.

Tougher economic headwinds could present challenges to a government distracted by internal political change.

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