ASTANA – Kazakhstan has established a State Debt Management Council to improve coordination of public borrowing and develop the government securities market, the Ministry of Finance reported on Dec. 22.
The consultative body was created jointly by the Ministry of Finance, the National Bank of Kazakhstan and the Ministry of National Economy.
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The council will focus on measures to deepen liquidity and efficiency in the government securities market, lower the cost of state borrowing used to finance the budget deficit, and develop benchmark yields for the quasi-public sector and corporate issuers.
Its key tasks include coordinating public debt management decisions, supporting the development of the…