Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Investment Opportunities for Pension Funds
IMF Staff Country Reports, October 27, 2004
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- Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Investment Opportunities for Pension Funds
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Bibliographic details
- Published: October 27, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820898.002
Overview and Purpose
- Examines investment opportunities for pension funds in Kazakhstan.
- Puts forward policy alternatives that could lead to improved management of pension fund assets in Kazakhstan.
- Emphasizes prudence in the management of pension assets, given the social and fiscal importance of the pension sector.
Key Findings
- Discusses different investment alternatives and development options for the domestic Kazakhstan capital market.
- 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.
Policy Alternatives and Recommendations (high-level)
- Promote prudential management practices for pension assets to reflect their social and fiscal importance.
- Diversify investment strategies beyond short-term, high-yield instruments to mitigate concentrated risk exposures.
- Support development of the domestic Kazakhstan capital market to expand suitable investment opportunities for pension funds.
Publication and Metadata
- Publication title: Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Investment Opportunities for Pension Funds
- Publication date: October 27, 2004
- Pages: 21
- Volume: 2004
- Issue: 337
- Series: Country Report No. 2004/337
- DOI: https://doi.org/10.5089/9781451820898.002
- Stock No: 1KAZEA0032004
- ISBN: 9781451820898
- ISSN: 1934-7685
- Subjects: Capital markets, Expenditure, Financial institutions, Financial markets, Labor, Pension spending, Pensions, Securities, Securities markets
- Keywords: asset manager, Capital markets, CR, debt market, Eastern Europe, investment assets, ISCR, KMC securities, maturing assets, pension assets, pension fund assets, Pension spending, Pensions, Securities, Securities markets
International Monetary Fund. Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Investment Opportunities for Pension Funds, October 27, 2004.