President of Kazakhstan Nursultan Nazarbayev on Friday instructed the National Bank to develop a strategy of investing assets of the Uniform Accumulation Pension Fund before June 1 of this year, including the placement of long-term deposits in domestic banks, Novosti-Kazakhstan IA informed.
"The National Bank should further develop a package of incentives for the development of affordable Tenge market. It is de-dollarization of the financial sector. Another internal source is the assets of a single pension fund. I instruct the national bank with the government to develop an investment strategy of the fund before 1 June, including - through the placement of long-term deposits in banks", Nursultan Nazarbayev said at a meeting of the National Council of investors.
Name of “MinTax” used in this proposal, depending on the context, can refer to MinTax LLP or MinTax Audit LLP and to its structural subdivisions as well. MinTax LLP and MinTax Audit LLP are included into MinTax Group acting on the basis of the Partnership Agreement, and are considered to be separate and independent legal entities founded under the Republic of Kazakhstan legislation, and they are responsible for all rights and obligations only on their behalf. The Companies which are included in MinTax Group are not responsible for any actions or omissions of each other
CONFIDENTIALITY | LEGAL ASPECTS