Transparent model of capital raising is a must, N.Nazarbayev
15:38, 12 June 2009
KOSTANAY. June 12. KAZINFORM. /Muratbek Makulbekov/ ?Within a midterm public companies and development institutes will become the main source of capital raised into our economy?, Kazakh President N. Nazarbayev stated at the XXI plenary session of the Foreign Investors? Council.
?Today the key player in the financial markets is a state and public institutes?, n. Nazarbayev noted. They are an important and necessary instrument, according to the President, but it can lead to concentration of risks in quasi-public sector. ?Therefore, the investment policy of public companies and institutes, their investment plans and obligations, due to their significance in the post-crisis development of economy, should be considered as part of the national budget. Eventually we must have a transparent model of raising and distribution of capital to public institutes, taking into account potential risks?, N. Nazarbayev stressed.