Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

CASPIAN

Kazakh National Fund Targeted To Reach $90Bn By 2020

Kazakh President Nursultan Nazarbayev on 2 February said the countrys sovereign fund would increase its assets to $90bn by 2020 from its current balance of $24.4bn. He said the fund would as of this year begin to transfer $8bn/year into the national budget. Starting from this year, the transfer into the budget will be fixed at the absolute amount of $8bn, he said, adding that the...