For Press

21/06/2017

Approaches to the development of the Astana international financial centre were presented at the Advisory Council of AFK

Today the Governor of the Astana international financial centre (AIFC) Kairat Kelimbetov presented approaches to the development of the financial centre at the enlarged meeting of the Advisory Council of the Association of Financial Organizations of Kazakhstan (AFK). Members of the National Chamber of Entrepreneurs of the Republic Kazakhstan "Atameken" and AFK Council participated in this event.

As K. Kelimbetov noted, the AIFC is a part of the Nation's Plan "100 concrete steps" on implementation five institutional reforms in the Republic of Kazakhstan.

"As part of the state's structural reforms aimed at economic diversification and stable growth, the AIFC will contribute to the formation of a full-fledged financial system of the country," – the head of the financial centre said.

The participants of Consultative Council were informed about the AIFC’s plans to create a new high-tech exchange and activity on the establishment of the independent regulator, the Court and the Arbitration Centre of the AIFC.

 

Reference:

AIFC. In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional law “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to form a leading international centre of financial services. For the first time in the post-Soviet region, Common law framework will be introduced in the AIFC. English shall be the official language of the AIFC.

The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in the financial services, to develop local capital markets, ensuring their integration with the international capital markets, and to develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.