Kazakh Oil Fund to reach $72.5 Billion in 2015
31.08.2011
Kazakhstan’s National Fund, the nation’s sovereign fund, will grow to $72.5 billion by 2015, Bloomberg reported, citing Economic Development and Trade Minister Kairat Kelimbetov.
The assets will grow to at least 30.4% of Kazakhstan’s gross domestic product (GDP), according to Kelimbetov.
The National Fund, modeled after Norway’s Government Petroleum Fund, accumulates excess...