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Massimov, JP Morgan Co-CEO meet in Astana

ASTANA. March 2. KAZINFORM Kazakh Prime Minister Karim Massimov has held a meeting with a group of representatives of JP Morgan Bank headed by Co-Chief Executive Officer William Winters in the Ukimet Uiy; Kazinform refers to the Governments press service. The sides discussed the situation in the world economy and financial system and prospects of the Kazakh economic development. According to the foreign investors, at present Kazakhstan took all necessary steps for ensuring stability of its economy and financial-system, the country is ready to get through a period of the global economic recession. The sides exchanged opinions on stabilization measures taken by the Kazakh Government. JP Morgan representatives noted that the tenge devaluation, which had been held earlier, was a painful, but timely and necessary step for the economy of Kazakhstan. Besides, William Winters confirmed the interest of foreign investors in implementation of projects in the real sector of economy, emphasizing, that Kazakhstan will always be an investment-attractive state. According to JP Morgan representatives, the stabilization measures taken by many large Kazakh enterprises of the real sector are an example of a maintenance policy of whole segments of the world industry, and the Governments support has a key significance. K.Massimov and W.Winters expressed confidence in continuation of successful and fruitful cooperation.


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