AIFC should play pivotal role in recovery of Kazakhstan’s economic growth - Tokayev

Participants of the virtual session discussed rehabilitation of Kazakhstan's economic growth and AIFC's role in that process.

In his remarks, President Tokayev emphasized AIFC should play a pivotal role in the implementation of Kazakhstan’s economic agenda and its strategic course in the midterm.

The Head of State went on to point out AIFC should use its potential to attract foreign direct investment and its resources should be used for the recovery of Kazakhstan’s economic growth. He noted AIFC wasn’t initially meant to do that, but it is high time to change the situation.

Participants of the session supported the initiatives put forward by the Head of State, stressing that AIFC’s potential can be used both at the national and region levels.

The session further focused on the current economic situation in the region and beyond.

Attending the virtual session of the Council were EBRD President Sir Suma Chakrabarti, JPMorgan Chase International Dr. Jacob Frenkel, President of the Islamic Development Bank Group Dr. Bandar M.H. Hajjar, Global Head of Citigroup Julie Monaco, President and Chairman of Russia’s Sberbank German Greff and others.