Nazarbayev instructed the National Bank to develop a strategy for investing assets of ENPF

Posted: Samat Posted: 11 April 2014 16:54 Category: Hard News Views: 388

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.

Source: Novosty-Kazakhstan International Information Agency

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