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Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects

Posted on 28 May 2013

Asian Development Bank believes the Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects in Kazakhstan, Newskaz.ru reports, citing Lakshmi Venkatachalam, ADB Vice-President for Private Sector and Cofinancing Operations, as saying.
“Regardless of the impressive development of Kazakhstan for the last two decades, the country’s infrastructure still calls for vast investments - the country’s National Oil Fund, Samruk-Kazyna Sovereign Wealth Fund, pension funds, as well as the internal and external money markets can be sources to finance infrastructure projects”, Ms. Venkatachalam said when speaking at the sitting of the Foreign Investors Council held in Astana……………………………………..Full Article: Source


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