Kelimbetov: Kazakhstan and Azerbaijan more ready for crisis than regional countries

Azerbaijan and Kazakhstan are more ready for crisis than regional countries due to having reserve funds, the Governor of the National Bank of Kazakhstan, Kairat Kelimbetov, said.

“As of today, the gold reserves of the National Bank and the National Fund amount to $100 billion. According to our calculations, we’ll not use the National Fund’s reserves if the oil price is above $55. In this situation, the capital inflow will remain positive,” APA cited him as saying.Moreover, the governor noted that the Russian economy will start to rebound from the last quarter of the year and regional economic growth will rise.

"As of today, the gold reserves of the National Bank and the National Fund amount to $100 billion. According to our calculations, we’ll not use the National Fund’s reserves if the oil price is above $55. In this situation, the capital inflow will remain positive," APA cited him as saying.

Moreover, the governor noted that the Russian economy will start to rebound from the last quarter of the year and regional economic growth will rise.