National Fund to invest in efficient domestic projects - Kazakh Finance Minister

According to him, means of the National Fund are invested in foreign assets, on the basis of their reliability, but there is a need to invest in domestic projects.

"But investing in domestic assets must be fulfilled in compliance with all principles which are provided by the Budget Code: recoverability, liquidity, profitability of tools. In other words, it is needed to develop conceptual approaches to ensure that those financial instruments, which the National Fund will invest in, are equally effective as those foreign financial instruments, which the National Fund is investing today," said B. Zhamishev.

The Minister said that the Ministry of Finance and the Ministry of Economic Development and Trade Ministry have a vision to address this issue, and work has already begun.