Financial assets in Kazakhstan rose to $100 billion - PM

Financial assets of the country since independence have grown to $ 100 billion, said the Prime Minister of Kazakhstan Karim Massimov at today's forum themed ‘Increased funding in Kazakhstan' attended by reps of ‘Financial Times Live' and Kazakhstan-British Chamber of Commerce and Industry. The Prime Minister noted that the income per capita has increased by 15 times, financial assets have grown to $ 100 billion and account for 40% of GDP. According to his words, President said the long-term development project for the country "Kazakhstan-2050" Strategy aims to accelerate the ongoing process of reforms, the process of modernization, as well as achieve the target of placing Kazakhstan among the world's top 30 nations. Of course, Almaty will play a key role in the implementation of this ambitious strategy, said Mr. Massimov. The Prime Minister also stressed that the country has achieved significant progress in the financial services industry. Since 2006, the Government has been working intensely to develop a regional financial center. Government is engaged in construction of infrastructure, human capital development. At the end of his speech, K. Massimov noted that Kazakhstan should strive for greater progress.