Friday, 14 February 2003

KAZAKH PRESIDENT LISTS BANKING SECTOR\'S PRIORITIES

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By empty (2/14/2003 issue of the CACI Analyst)

Addressing the third Congress of Kazakh Financiers, President Nursultan Nazarbaev expressed satisfaction on 14 February that Kazakhstan\'s banking sector and financiers are acknowledged to be among the best in the CIS. At the same time, he ordered the government to \"rein in\" inflation and tasked the government and the National Bank with drafting a new concept for developing the financial sector over the next few years. He further complained that the stock market is not developing as fast as it should and that investors show little interest in it.
Addressing the third Congress of Kazakh Financiers, President Nursultan Nazarbaev expressed satisfaction on 14 February that Kazakhstan\'s banking sector and financiers are acknowledged to be among the best in the CIS. At the same time, he ordered the government to \"rein in\" inflation and tasked the government and the National Bank with drafting a new concept for developing the financial sector over the next few years. He further complained that the stock market is not developing as fast as it should and that investors show little interest in it. (Interfax)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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