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Sovereign Wealth Funds Briefing - Categorized | Financials

Kazakhstan National Fund to publish expenses

Posted on 18 June 2013

Reports on expenditures of the National Fund of Kazakhstan are going to be published on websites of managing holdings, Tengrinews.kz reports citing Kazakhstan Finance Minister Bolat Zhamishev. “There are issues with transparency of use of the National Fund’s money aimed for anti-crisis activities. We have repeatedly presented the information (expenditures reports) during discussions.
But since the questions keep coming both in this room and outside of it, we plan to star publishing results of the monitoring of money return and the secondary use of the anti-crisis funds at the website of all the managing holdings that operate the funds to ensure transparency of the use of this money and provide access to the information to the country’s population,” Zhamishev said at the joint meeting of the Parliament’s chambers………………………………………..Full Article: Source


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