Kazakhstan to start investing its National Oil Fund assets into its own economy starting from 2014
The annual transfer [to complement the country’s budget] from the National Oil Fund will make up about $9 billion.
Assets of the National Oil Fund to exceed $122 billion by 2016
A transfer of $980.3 million will be made in 2014 out of the National Oil Fund to finance prep works for EXPO-2017 to be held in Astana.
Kazakhstan’s Government mulling a Eurobond issue
The country’s international reserves grew 4.1% in the H1 2013, reaching $89.6 billion: Minister of Economic Affairs.
Private sector is in a better position to manage pension savings: EBRD Director for Kazakhstan
The payback from the pension reform could be insignificant should the Single Pension Fund’s assets be invested in the same way the National Oil Fund’s assets are invested: Fitch Ratings.
Kazakhstan’s President prohibits use of the National Oil Fund’s assets to finance banks
Second-tier banks have a lot of other opportunities and tools to raise money and other reserves to turn to: Nursultan Nazarbayev.
Kazakhstan's Q1 gold and FX reserves announced
The National Oil Fund’s assets as of April 1, 2013 stood at $59.806, 3.53% up against the start of the year.
Has the $10 billion out of the National Fund truly gone to nowhere?
Kazakhstan’s Economic Affairs Minister comments on President Nazarbayev’s remarks over the $10 billion allocated to combat the financial crisis.
$10 billion out of the National Oil Fund has gone to nowhere: President Nazarbayev
“It’s easy to ask for money out of the National Oil Fund. The $ 10 billion allocated to combat the financial crisis is gone. There is no pay-off”, he said.
Central Bank Governor reports to President Nazarbayev
At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.
Kazakhstan’s international reserves grow to $85.5 billion
According to the Central Bank Governor, since the start of the year $2.2 billion has been channeled to fill the National Oil Fund.
Kazakhstan’s Central Bank Governor tasked with further reforming the pension system
Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.
Kazakhstan’s National Oil Fund assets might be used to finance S&MBs
With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.
National Oil Fund’s average annual earning capacity stands at 4.51%
The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.
President suggests using the National Oil Fund to support S&MBs
The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil.
Kazakhstan slashes the share of Euro in its FX reserves
So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.
Kazakhstan investments into the US economy stand at $41 billion: Central Bank Governor
US companies have directly invested into the Kazakh economy $22 billion, with the overall US investments into the Kazakh economy since Kazakhstan gained independence standing at $38 billion.
National Bank’s gold and FX reserves figure announced
Since the start of the year the net gold and FX reserves have grown by 19.93%.
KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor
The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.
$202.7 million out of the National Oil Fund to finance the integrated gas treatment and chemicals production complex in Atyrau
In his latest State of the Nation Address, President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.
KazMunaiGas to obtain a loan of $4 billion out of the National Oil Fund to finance Kashagan development
According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.