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Sovereign Wealth Funds Briefing - Categorized | Financials

Kazakh state wealth fund sees subsidiaries borrowing $4.3 bln in 2014

Posted on 27 February 2014

Kazakhstan’s sovereign wealth fund Samruk-Kazyna expects its subsidiaries to borrow 800 billion tenge ($4.3 billion) this year, around half of it on external markets, Nurlan Rakhmetov, the fund’s managing director, said on Wednesday.
Samruk-Kazyna manages state-run stakes worth a total of around $100 billion, or roughly half of Kazakhstan’s gross domestic product. The oil-rich nation of 17 million is central Asia’s largest economy………………………………………..Full Article: Source


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