Republic of Kazakhstan : Financial Sector Assessment Program Update—Technical Note—Investment Opportunities for Pension Funds

Author/Editor:

International Monetary Fund

Publication Date:

October 27, 2004

Electronic Access:

Free Full Text (PDF file size is 275 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This technical note examines investment opportunities for pension funds in Kazakhstan. It puts forward policy alternatives that could lead to improved management of pension fund assets in Kazakhstan. The note emphasizes prudence in the management of pension assets, given the social and fiscal importance of the pension sector. It discusses different investment alternatives and development options for the domestic Kazakhstan capital market. The note concludes that neither the regulators nor industry participants appear to fully appreciate the risks attached to the practice of focusing on short-term and high-yield investments.

Series:

Country Report No. 04/337

Subject:

English

Publication Date:

October 27, 2004

ISBN/ISSN:

9781451820898/1934-7685

Stock No:

1KAZEA0032004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

21

Please address any questions about this title to publications@imf.org