Tracking Kazakhstan’s sovereign wealth funds through the last oil slump

24.01.2020

A steadier oil market has helped Kazakhstan’s National Oil Fund regain its footing. But Kazakhstan’s other fund, Samruk-Kazyna, has struggled in its privatization drive.

Kazakhstan’s ample natural resources have carried the country from post-Soviet crisis into the ranks of upper-middle-income nations. Today it sits on two sovereign wealth funds, which are...