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Kazakhstan’s international reserves hit $105B

International reserves of the Republic of Kazakhstan have exceeded $105 billion, according to Minister of Investments and Development Asset Issekeshev.

“Today, Kazakhstan prides on having extensive financial resources. The National Fund has more than $77 billion and the country’s international reserves have exceeded $105 billion,” Minister Issekeshev said at the 1st session of the Kazakhstani-British intergovernmental commission for commercial and economic, scientific and technical and cultural cooperation.

He stressed that Kazakhstan holds itself out as the best place for investments and doing business in the region. British companies can set up a base here and enter the markets of neighboring countries.

“Besides, it is worth mentioning that Kazakhstan’s GDP amounted to 5,25% in 2013 and its forecast is looking promising this year as well. In 2013, Kazakhstan’s GDP per capital totaled $14,000. Unemployment rate slightly exceeded 5%,” Mr. Issekeshev told the session.

“Next year Kazakhstan is to proceed to the implementation of the second five-year plan of the State Program of Advanced Industrial and Innovative Development. 14 sectors in 6 branches of industry have been determined to this end, including mechanical engineering, metallurgy, oil refining and petrochemistry, chemistry, construction materials and food products,” he added. “There are tons of opportunities for cooperation between our countries.”

 

 

 

 

 

 

 

Source: Kazinform

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