| From Huffingtonpost.com: While negotiating with foreign banks, Kazakhstan set up the National Welfare Fund (Samruk-Kazyna), a domestic type of sovereign wealth fund. It is not the typical sovereign wealth fund of oil producing countries; it is closer to the French model that focuses on domestic investments and initiatives.
Prime Minister Kazimov chairs the Board of Directors who, last month, approved a "Draft of Development Strategy of the Fund up to 2020 concerning determination of target assets structure, determination of portfolio companies' priorities, as well as access into securities market was considered at the meeting. Besides the issues of Fund's participation in implementation of the State program for forced industrial-innovative development for 2010-2014.".............................................Full Article: Source
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