Kazakhstan National Fund’s amount supposedly reached $ 77 billion

July 10. Kazpravda

Kazakhstan National Fund’s amount supposedly reached $ 77 billionKarim Massimov and Kairat Kelimbetov made progress reports to the President on the economic development of the country in the first half of 2014.

Prime Minister Karim Massimov and National Bank Chairman Kairat Kelmbetov made reports on the main results of economic development in the first half of 2014 and the condition of the financial sector, the Akorda website informs.

“According to the head of the National Bank, the real GDP growth in the Q1 of this year was 3.8%. Compared with the Q1 of 2013 the exports of goods increased by 10.8%, and reached $ 22.7 billion, while the imports decreased by 14.6 % and amounted to $ 8.7 billion. According to the preliminary data, the size of the National Fund reached about $ 77 billion, ” – stated in the published report.

Kelimbetov also informed about the banking system and monetary policy of the republic.

Prime Minister detailed on the plans of the Government for the H2 of 2014.

In the end of the meeting, the Head of State gave a number of specific instructions to ensure stability of financial system of the country and preservation of economic growth rates.

“Kazakh President underlined the need to ensure stability of the main macroeconomic indicators and the situation at the currency market, and focused on the analysis of systemic risk due to the current situation in the global financial markets”, – the press-service informed.