Fyodor Koalyov has called Barack Obama to stop American investor AES from infringing upon the interests of Kazakhstan citizens and return spring overflow of the Irtysh River.
According to him, in the long run the Government may need money to cover the budget deficit or finance some state-run projects and there might be a temptation to rely on pension savings.
They can be transformed into asset management companies; they can be transformed into pension funds working with voluntary savings schemes; or they can wind up and exit the market: Gregory Marchenko.
Creation of the single pension fund does not mean nationalizing of pension savings: the savings will still be owned by the citizens: Vice-PM of Kazakhstan.