President of Kazakhstan Nursultan Nazarbayev has met with the the managing director at the World Bank Sri Mulyani Indrawati to discuss cooperation between Kazakhstan and the World Bank.
The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.
According to him, the money will only be provided to banks that have accumulated the most of NPLs. Kazkommertsbank and BTA to be shortly merged are among them as they jointly account for 62% of NPLs in the banking sector.
Kazakhstani figure skater Denis Ten landed on the fourth place of the Skate America Grand Prix first stage in Chicago after falling on his opening quadruple jump.
Nazarbayev has spoken about a program of large-scale infrastructure development in Kazakhstan and the government actions to counter possible negative circumstances in the global economy.
Former four-division champion Roy Jones Jr will visit Gennady Golovkin’s hometown in Kazakhstan as a guest at the 21st Galym Zharylgapov’s Boxing Tournament.
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.