On the Results of the Working Visit to the United States by Dauren Kenbeil, Vice Minister of Finance of Kazakhstan

Dauren Kenbeil, Vice  Minister of Finance of the Republic of Kazakhstan, attended the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, D.C. (U.S.). During the event, he held a series of meetings at various levels with representatives of international financial organizations and major investment firms.

During meetings with Jorge Familiar, Vice President and Treasurer of the World Bank Group, and John Gandolfo, Regional Director of the International Finance Corporation, the parties discussed ways to strengthen financial partnerships and implement projects in Kazakhstan. The important role of the World Bank in supporting economic reforms, developing infrastructure, and ensuring the country’s macroeconomic and fiscal stability was noted.

During talks with international investors held at forums organized by Deutsche Bank, JP Morgan, and Barclays, Dauren Kenbeil provided an update on the ongoing economic reforms, the country’s investment appeal, and its current debt policy.

Issues related to deepening financial cooperation, including the integration of Kazakhstan’s financial instruments into the international market infrastructure and the clearing of government securities, were discussed with Euroclear’s management. Following the meeting, an agreement was reached to establish direct access (direct link) for foreign participants to Kazakhstan’s stock market.

During meetings with leading international credit rating agencies—Standard & Poor’s, Moody’s, and Fitch Ratings—discussions focused on the macroeconomic situation, current economic policies, and the potential upgrade of Kazakhstan’s sovereign credit rating.

An exchange of views took place with Mongolia’s Deputy Minister of Finance, Ms. Khulan Bat-Erdene, on the current situation in international financial markets and the development of economic relations, including the expansion of partnerships within the framework of multilateral cooperation.

Following the meetings, the parties expressed confidence in the implementation of joint projects, the further development of their partnership, and the achievement of mutually beneficial goals.