Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
The larger the pension savings pool is, the more investment tools are needed to secure a sufficiently high yield: Marchenko.
Astana and Almaty residents transferred almost 100 billion tenge to pension funds in 7 months of 2013.
Pavlodar authorities are planning to make one of the densely populated regions of the city green and energy-efficient in the nearest two years.
Halyk Bank, Kazkommertsbank and Temir bank are among the first banks to participate in the state-run program.
Savings in Kazakhstan's pension funds grew 20.1 percent and made 3.2 trillion tenge ($20.7 billion) in 2012.
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.
A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.
France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.
The bank called them "preferential stakes", but Inocencio Merino would prefer to have avoided them.