Retirement assets may be invested into mega projects in Kazakhstan: G. Marchenko

ASTANA. March 19.KAZINFORM Chairman of the National Bank of Kazakhstan Grigory Marchenko does not preclude the possibility of investing the retirement assets of the Single National Pension Fund into infrastructural projects, instruments of the banking sector and high liquid external financial assets.

He announced the possibility during an online conference at forum.profinance.kz website on Tuesday.

"The National Bank of Kazakhstan will control the retirement assets of the Single National Pension Fund (SNPF) in line with the investment strategy approved by the SNPF Council for retirement assets management. The composition of the council will be approved by the President of Kazakhstan and will include representatives of the Government, the National Bank, participants of the financial market and independent experts. The investment of SNPF retirement assets will be based on the principles of diversification," G. Marchenko added.