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Friday, 14 February 2003
KAZAKH PRESIDENT LISTS BANKING SECTOR\'S PRIORITIES
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)