The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan discussed its capital and insurance market development programs and planned legislation with the European Bank for Reconstruction and Development. Chair Madina Abylkassymova met EBRD President Odile Renaud-Basso during the International Monetary Fund and World Bank Group Annual Meetings in Bangkok, where they also reviewed the results of Kazakhstan’s broader legislative and regulatory reforms. The capital market measures are intended to increase market financing of the economy by supporting private Kazakh companies seeking initial public offerings, widening small and medium-sized enterprises’ access to market funding, and developing debt instruments and derivatives. The program also prioritizes greater liquidity and institutional investor participation. The meeting highlighted the EBRD’s role in incorporating international standards and practices into new legislation governing the capital and insurance markets.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan discusses capital and insurance market reforms with EBRD
Kazakhstan’s financial market regulator discussed planned capital and insurance market reforms with EBRD President Odile Renaud-Basso. Capital market measures include supporting private company listings, widening market finance for small and medium-sized enterprises, developing debt instruments and derivatives, and increasing liquidity and institutional investment.