site.news_by_theme National Fund
$3-3.5 billion of the National Oil Fund money may be injected into investment projects in 2013-2016
In his State of the Nation Address January 27, 2012, 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.
27 February 2012
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.
27 February 2012
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.
22 February 2012
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.
22 February 2012
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.
15 February 2012
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.
14 February 2012
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.
07 February 2012
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.
27 January 2012
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.
19 January 2012
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.
08 December 2011
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.
09 October 2011
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.
07 September 2011
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.
28 August 2011
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.
10 August 2011
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