Kazakhstan’s PM Karim Massimov meets a group of JP Morgan representatives headed by Co-Chief Executive Officer William T. Winters
The sides discussed the current state of the global economy and financial system as well as prospects of the Kazakhstan’s national economy.
March 2, at the Government’s House in Astana Kazakhstan’s PM Karim Massimov met a group of JP Morgan representatives headed by William T. Winters, Co-Chief Executive Officer of JPMorgan Investment Bank.
The sides discussed the current state of the global economy and financial system as well as prospects of the Kazakhstan’s national economy.
According to the bank experts, Kazakhstan has taken all the required steps to secure stability of its economy and financial system, and the nation is ready to successfully survive the global recession.
The sides exchanged their views on stabilization measures taken by the Kazakhstan’s Government. Representatives of JP Morgan noted that devaluation of the tenge “was a timely and important step for the Kazakhstan’s economy, though a painful one”.
William T. Winters reiterated interest of foreign investors in general and of JP Morgan in particular to projects of the real sector, emphasizing that Kazakhstan has been an attractive state for foreign investors.
According to JP Morgan, stabilization measures taken by largest Kazakhstan-based enterprises of the real sector are a good example of keeping entire industries afloat, with the Government’s support playing a key role.
When closing the meeting, both Karim Massimov and William T. Winters expressed confidence in further successful cooperation.
Kazakhstan Prime Minister Press Service
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