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Wednesday, October 16th, 2019

Prime Minister Askar Mamin holds a meeting on development of Astana International Financial Center


At the meeting, issues of development of the financial market and infrastructure of the exchange market of the country, improvement of legislation regulating the work of the financial center were considered.

AIFC Governor Kairat Kelimbetov said that the financial center adopted 42 acts of general application (on the principles of English law), as well as 27 acts on the regulation of financial services, ensuring transparency and compactness of the legal framework. In addition, in order to improve the efficiency of resolving judicial and pre-trial disputes, the AIFC Court and the International Arbitration Center officially launched the eJustice system in February, which allows to file a lawsuit in electronic format from anywhere in the world without the need for a physical presence in Nur-Sultan. As of today, 150 participants are registered in the AIFC, by the end of the year it is planned to bring this figure to 250.

First Deputy Prime Minister � Minister of Finance Alikhan Smailov, Minister of Justice Marat Beketayev, First Vice Minister of Foreign Affairs Mukhtar Tleuberdi, First Vice Minister of National Economy Arman Dzhumabekov, Vice Minister of Industry and Infrastructure Development Berik Kamaliev and Deputy Chair of the National Bank Yelzhan Birtanov also took part in the discussion.

Following the meeting, the Prime Minister Askar Mamin gave a number of specific instructions for the further development of the AIFC, which should become a regional financial center.

Our priority is the development of the AIFC, the state creates all the necessary conditions for its development and successful work, said Mamin.

The meeting addressed the issues of increasing the inflow of foreign investments, opening new international air routes, introducing amendments to the legislation in the financial sphere.

Source: The Prime Minister of Kazakhstan