European Union interested in attracting Kazakh investments


Dimash Syzdykov

European Union interested in attracting Kazakh investmentsIssues of cooperation in confronting the global financial and economic challenges have become the main theme of the meeting of Kazakh Ambassador to Belgium and Luxembourg, Head of the Kazakh Mission to EU and NATO Yerik Utembayev and Chief Executive Officer of the European Financial Stability Facility Klaus Regling.

The sides exchanged views on establishing cooperation between EFSF and the relevant agencies in Kazakhstan.

Utembayev told about the main provisions of Kazakhstan’s policy on financial sector regulation, and the basic activities of the National Fund and “Samruk-Kazyna” National Welfare Fund.

Klaus Regling expressed interest in attracting Kazakh investments for the acquisition of so-called Eurobonds and other debt instruments of EFSF backed by the guarantees of eurozone states. Herewith, he laid special emphasis on credit ratings of EFSF – “AAA” by Standard & Poor’s, Fitch Ratings and “Aaa” from Moody’s.

The European Financial Stability Facility expressed readiness to establish cooperation with Kazakhstan’s National Bank, Samruk-Kazyna and pension funds.

Klaus Regling gratefully accepted the invitation to participate in the V Astana Economic Forum planned for 23-24 May 2012.