ВестникЕФЭ-1-2020-eng 26.02.2020 16:40 Страница 4
Personality
www: aifc.kz
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WE SEE THE AIFC AS AN IMPORTANT FINANCIAL CENTRE IN THE WORLD AND LEADING IN THE REGION Kairat Kelimbetov, Governor of the Astana International Financial Centre (AIFC)
– Kazakhstan is not among the leaders in the financial sector. This is a country mainly focused on oil exports. Therefore, it is interesting, what was the reason for the turn to financial markets? In short, what was the origin of the AIFC concept? – By the way, economy’s orientation on the raw materials has become the reason for the turn to financial markets. In a broader sense, one of the areas of development of non-primary industries. The movement aimed in this direction in Kazakhstan began long ago, long before the fall of oil prices in 2014.
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A course towards diversification was taken back in 2009, as part of the annual Address to the people, which is given by the first President N. Nazarbayev. As a consequence, there was made a state program for accelerated industrial and innovative development, that is still valid. Later, N. Nazarbayev said: “The global economic system might seriously fail already in 2013–2014, and, in particular, cause a collapse in world prices for raw materials.” During his Address to the People in 2012. The fall of the oil prices, which began in 2014, confirmed the correctness of
this statement. Until now, oil prices remain volatile and they are influenced by different factors. Thus, the country has a clear understanding that relying on oil revenues alone will not ensure sustainable long-term development. Kazakhstan has embarked on the realization of its industrial potential. There are high hopes for the agricultural sector. In general, there are many areas in which we can move. The goals and objectives of economic diversification are enshrined in all strategic documents. In order to develop the economy and ensure access to capital, it is simply nec-
