Kazakhstan Banking & Financial Services Q4 2018
The banking and financial services industry in Kazakhstan has seen period of significant volatility over recent years,however, the government is making regulatory changes in order to both bring more stability to the market and attract greatervolumes of foreign direct investment. The economic outlook in the country is positive, with the privatisation programme andKazakhstan's integration into China's 'Belt & Road' trade route likely to bolster foreign direct investment and support a diversificationof the economy. As a result, growth is anticipated in the currently underdeveloped insurance and asset management industries, asemployment and income rates rise, while economic diversification will boost banking sector activity and stimulate the expansion ofthe country's trading platforms.
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