Kazakhstan Finance Day forum held in New York City

Kazakhstan’s economic potential was showcased in New York City during the Kazakhstan Finance Day forum. In addition, key players in the global financial market and business partners had the opportunity to learn about the country’s development dynamics and current investment projects. During the event, participants were presented with achievements in digitalization and plans to enhance the technological, security, and efficiency aspects of the national financial infrastructure. The applications of the Kazakh banking sector generated significant interest. Overall, the forum brought together over 450 experts from the two countries, including major Wall Street investors.

«Two of our major financial groups are Kaspi.kz and Halyk Bank. Kaspi.kz is listed on the Nasdaq, generating significant interest among American investors. Halyk Bank is also listed on the London Stock Exchange. Consequently, investors are studying the economic situation in the country and analyzing the financial market. They are also very interested in purchasing shares of our key flagship companies that have gone public through IPOs. We are seeing an increase in the number of investors buying shares and debt instruments in the Kazakh market,» said Madina Abylkassymova, Chairperson of the Kazakh Agency for Regulation and Development of the Financial Market.

«You have almost 500 people who have registered for this Kazakhstan Finance Day, including a lot of American companies. GDP is already at an all-time high, but what’s exciting is that President Tokayev wants to double that by 2029. And already Kazakhstan is above the global average on the Index of Economic Freedom. He is making enormous commitments toward the rule of law, low taxes, and predictable regulation. And these are the kinds of things that American investors look for,» said Brian Hook, Vice Chairman of an investment firm in the U.S.