Expert opinion: Kazakhstan’s role in the global financial system is growing

Kazakhstan is actively strengthening its position in the regional economy, becoming a place for attracting foreign investments and developing venture capital. The role of the country and the Central Asian region in the global financial system was discussed at a conference in Astana. The meeting of representatives from international organizations, experts, and the financial sector was organized as part of a series of events marking the 80th anniversary of the Bretton Woods system. At the Astana International Financial Centre (AIFC), the participants also addressed issues related to the development of trade integration, main macroeconomic trends, and, of course, Kazakhstan's role in global and regional economic processes. According to experts, in the face of current geopolitical challenges, the world needs new approaches for cooperation with foreign partners. Notably, they are being actively implemented at the AIFC platform.

«The conference is organized to discuss new solutions for existing financial challenges, including fragmentation, regionalization, and globalization. While globalization was a key topic 10-15 years ago, its importance has diminished somewhat due to various geopolitical risks and challenges. Our goal is to attract investors, host conferences and discussions, and demonstrate that the level of real risk is not as high as they might think. We also aim to showcase our work as the country and the region, noting opportunities available here,» said Renat Bekturov, Governor of the Astana International Financial Centre.