Where will National bank’s ideas lead

Interview of the deputy head of the National bank of RK Oleg Smolyakov to Kursiv, with a telling title “There won’t be NKVD trio in National bank” didn’t catch a widespread attention of the public. Meanwhile, Mr. Akishev’s ally insolently announced ideas that, in the case of successful realization will once again prove that it is good intentions that pave the road to hell.

We are going back to 6 years ago

One of the main problems facing Akorda today, is its inability (or fear) to look truth in the eyes. To prove this we will analyze official document – press release of the government dedicated to forecast and priorities of socio-economic development of Kazakhstan before 2022.

A Drop of Poison from S&P

Privatization just to check the box

On July 25 2017 Finance ministry of RK put a PSA on their website, titled “Privatization is conducted full-scale and follows the plan”, in which it drew intermediate conclusions of the privatization program.

Why is the Prognosis on the National Fund Not Feasible?

During the governmental discussion on the state budget prognosis, Kazakhstan National Economy Minister Timur Suleymanov has presented a thought provoking data. In his words, with the oil price of $45 per barrel and the decrease of the guaranteed transfer, the total amount of the Kazakhstan’s National Fund resources will constitute $62.4 bln in 2020 (32.5% of the country’s GDP).

Who is Paying for Halyk Bank’s Merrymakings

The case of Kazkom, a private financial organization recently purchased by Halyk Bank,  shows clearly how Nazarbayev’s words differ from the actions of Kazakh officials.