The government of Kazakhstan created the National Fund of the Republic of Kazakhstan in 2000 in order to manage oil revenue more effectively. Tax revenues from certain oil and gas companies accumulate this fund. The list of oil and gas companies updated by the government of Kazakhstan.
Kazakhstan National Fund
What is ‘Kazakhstan National Fund’
The Kazakhstan National Fund is a sovereign wealth fund for the nation of Kazakhstan. The sovereign wealth fund originates from surplus revenues gained from taxes on the development of Algeria’s oil, gas and mineral reserves. According to the Sovereign Wealth Fund Institute, the Kazakhstan National Fund has approximately $21.6 billion in assets as of 2008.
Explaining ‘Kazakhstan National Fund’
The Kazakhstan National Fund was established in 2000, primarily to act as a stabilization fund to lessen the impact that volatility in oil, gas and mineral prices have on the Republic of Kazakhstan. The Kazakhstan National Fund is a secretive organization and little information can be found as to its governance, holdings or investment strategies.
Kazakhstan National Fund FAQ
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- The National Fund of the Republic of Kazakhstan (NFRK): From accumulation to stress-test to global future – www.sciencedirect.com [PDF]
- Sovereign wealth fund issues and the national fund (s) of Kazakhstan – papers.ssrn.com [PDF]
- Raw-material-intensive Economy and Development of Small and Medium-sized Enterprises in Kazakhstan – search.proquest.com [PDF]
- The relevance of International Financial Reporting Standards to a developing country: Evidence from Kazakhstan – www.sciencedirect.com [PDF]
- Finance and income inequality in Kazakhstan: evidence since transition with policy suggestions – www.tandfonline.com [PDF]
- Kazakhstan and Azerbaijan as post-Soviet rentier states: resource incomes and autocracy as a double 'curse'in post-Soviet regimes – www.tandfonline.com [PDF]
- Government Support of Innovative Business in the Republic of Kazakhstan – www.iejme.com [PDF]
- Special vehicles of state intervention in Russia and Kazakhstan – link.springer.com [PDF]