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Karim Massimov. flickr.com/photos/karimmassimov
More National Oil Fund money to be injected to the national budget in crisis periods

The annual transfer from the National Oil Fund to the national budget in crisis years may grow from $6.8 to $9.2 billion.

More National Oil Fund money to be injected to the national budget in crisis periods
Timur Kulibayev. facebook.com/Atameken
Timur Kulibayev on using National Oil Fund to support small and middle-sized business

As of February 1, 2012, assets of the National Oil Fund made up $45.5 billion.

Timur Kulibayev on using National Oil Fund to support small and middle-sized business
©REUTERS/Bobby Yip
Atameken major business lobbying group suggests National Oil Fund assets be used to finance SMBs

In his latest State of the Nation Address [January 27], 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.

Atameken major business lobbying group suggests National Oil Fund assets be used to finance SMBs
Gregory Marchenko. ©Vladimir Dmitriyev
National Oil Fund assets to finance projects involving strategic investors: Central Bank Governor

He also stressed that according to the National Bank’s estimates, in 2012 funds of the National Oil Fund may not be needed for such projects.

National Oil Fund assets to finance projects involving strategic investors: Central Bank Governor
Gregory Marchenko. By Vladimir Dmitriyev©
Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor

According to him, the major issue how to manage the funds. The management, in its turn, will depend on possible manifestations of the anticipated crisis.

Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor
Photo courtesy of deswal.ru
National Bank statistics

Assets of the current 38 second-tier Kazakhstan’s banks as of January 1, 2012 made up $86.5 billion, growing by 6.5% throughout 2011.

National Bank statistics
Nursultan Nazarbayev. Photo by ©Vladimir Dmitriyev
Nazarbayev suggests investing National Oil Fund money into the economy

Let’s invest the money into the national economy rather than keep it with Western banks: Nazarbayev.

Nazarbayev suggests investing National Oil Fund money into the economy
Windfall oil revenues accommodated in the National Oil Fund. Photo courtesy of PM Karim Massimov’s webpage.
Kazakhstan’s international reserves figure announced

The figure has been augmenting despite the fact that during the financial crisis of 2008-2009 $8.1 billion out of the National Oil Fund was injected into the country’s economy as a measure of support.

Kazakhstan’s international reserves figure announced
Gregory Marchenko. ©Vladimir Dmitriyev
Central Bank Governor on a possible global crisis

We are cautious when managing the assets and I believe the National Bank has been doing it with professionalism: Gregory Marchenko.

Central Bank Governor on a possible global crisis
Photo courtesy of deswal.ru
January – October net gold and currency reserves figures announced

The figure made up $32.065 billion.

January – October net gold and currency reserves figures announced
Gregory Marchenko. ©Vladimir Dmitriyev
Second wave of global crisis may have Kazakhstan spend $20 billion out of National Oil Fund: Gregory Marchenko

A total of $10 billion out of the Fund was spent to combat the crisis of 2008-2010.

Second wave of global crisis may have Kazakhstan spend $20 billion out of National Oil Fund: Gregory Marchenko
Photo courtesy of deswal.ru
January – September net gold and currency reserves figures announced

Assets of the National Oil Fund as of the end of September stood at $40.018 billion.

January – September net gold and currency reserves figures announced
REUTERS/Petr Josek Snr©
January – August net gold and currency reserves figures announced

Assets of the National Fund alone as of the end of August stood at $40.35 billion, 30.25% up from the start of the year.

January – August net gold and currency reserves figures announced
Kairat Kelimbetov. By Yaroslav Radlovsky ©
Assets of National Oil Fund to reach $72.5 billion by 2015

Assets of the National Fund as of the end of July totaled $38.72 billion.

Assets of National Oil Fund to reach $72.5 billion by 2015
©RIA Novosti
Labor Ministry rejects suggestion to open a deposit worth $1000 for every newly born baby

The state had better take some measures to protect the nation against slump of prices [for commodities that ensure most of the budget revenues]: Labor Ministry.

Labor Ministry rejects suggestion to open a deposit worth $1000 for every newly born baby