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...
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