Financial Services: Kazakhstan:Written question - HL10706

Q
Asked on: 15 October 2018
Department for International Trade
Financial Services: Kazakhstan
Lords
To ask Her Majesty's Government what additional support they intend to offer the Astana International Financial Centre following the UK–Kazakhstan Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation held in Astana on 8 October.
A
Answered by: Baroness Fairhead
Answered on: 29 October 2018

My Rt Hon Friend, the Minister of State for Trade Policy, attended the UK-Kazakhstan Intergovernmental Commission in Astana where he held a bilateral meeting with Governor Kelimbetov of the Astana International Financial Centre (AIFC).

TheCityUK were in attendance and offered the AIFC assistance to develop its corporate governance, and training to build its capabilities; learning from UK financial expertise.

HMG in collaboration with City of London representatives are pleased to offer support to Kazatomprom, which will be the first major state-owned company to be part privatised, with a dual listing on the London Stock Exchange and the new Astana exchange; part of an ambitious privatisation programme set by Kazakhstan.

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