News on tag «National Bank»

Following the meeting, Tokayev gave a number of instructions regarding the microeconomic stability, economy's diversification, and creation of jobs, reduction of the State's share in the economy, as well as support of people and entrepreneurship.

Taking into account these prerequisites at the end of 2021, GDP growth is still projected within the range of 3.7-4.0 percent

As of October 11 the National Fund investment revenue partly retrieved to reach USD 250 mln since the start of the month.

Dossayev briefed on the accelerated annual inflation of up to 8.9% in September, with paid services, especially in education and renting, mostly contributing to the inflation.

He reported on the preliminary data for the past 8 months on increase in gross international reserves up to USD 93.7 bln and growth of investment revenue of the National Fund up to USD 2.3 bln.

The Kazakh President urged to adopt the corresponding legislative amendments by the end of the year.

Following the meeting the Head of State assigned to pay great attention to preserving and increasing the National Foundation assets and jointly with the Government to take efficient measures to stabilize inflation rates.

The profitability of pension assets in January-May amounted to 5.3% with inflation of 3.5%, that is, the real profitability for the fund’s depositors was 1.8%.

Following the meeting the Kazakh President gave a number of instructions.

Ending the meeting, Tokayev gave a number of specific instructions.

Mr. Dossayev reported about the implementation of the tasks given by the President on the mechanisms of advance use of retirement savings by Kazakhstanis and creation of a national payment system as well as put forward proposals on reforms in the housing policy.