Kazakh National Fund size reaches $77 billion, National Bank says

K. Kelimbetov and President NazarbayevThe size of the National Fund of Kazakhstan has reached $77 billion, said Chairman of the National Bank of Kazakhstan Kairat Kelimbetov during the meeting with President Nursultan Nazarbayev, the press service of the President reported July 10.

Kelimbetov briefed the President on current situation in the national financial sector and banking system of Kazakhstan. He told about the monetary policy of the National Bank.

Real GDP growth in Kazakhstan made up 3.8% in Q1 2014. The volume of exports during the reporting period grew by 10.8% up to $22.7 billion. The volume of imports decreased by 14.6% making up $8.7 billion, Kelimbetov said.

Besides, President Nazarbayev met with Prime Minister of Kazakhstan Karim Massimov.

PM Massimov briefed the President on the main outcomes of the economic development in Kazakhstan over the first half of 2014 and told about the work plan of the Government for the second half of the year.

Nazarbayev stressed the need to ensure stability of main macroeconomic indicators and situation at the foreign exchange market.

Following the meeting, the President gave a number of specific instructions.Kelimbetov briefed the President on current situation in the national financial sector and banking system of Kazakhstan. He told about the monetary policy of the National Bank.

Real GDP growth in Kazakhstan made up 3.8% in Q1 2014. The volume of exports during the reporting period grew by 10.8% up to $22.7 billion. The volume of imports decreased by 14.6% making up $8.7 billion, Kelimbetov said.

Besides, President Nazarbayev met with Prime Minister of Kazakhstan Karim Massimov.

PM Massimov briefed the President on the main outcomes of the economic development in Kazakhstan over the first half of 2014 and told about the work plan of the Government for the second half of the year.

Nazarbayev stressed the need to ensure stability of main macroeconomic indicators and situation at the foreign exchange market.

Following the meeting, the President gave a number of specific instructions.