Anvar Saideno, NBK: A guiding hand from the central bank

Anvar Saidenov, the new governor of the National Bank of Kazakhstan, speaks to Euromoney's Nick Kochan about efforts to diversify the economy, control the inflationary effects of foreign currency inflows and develop more active financial markets.

What are the principal challenges facing the National Bank of Kazakhstan today?

Anvar Saidenov: Kazakhstan must
diversify its economy and find
niches where it can be competitive.

The government and the central bank face a common challenge. That is excessive dependence on oil and gas and metals, the extractive industries. The oil and extractive resources sectors are the primary engines of growth but we need to design and construct another engine of growth, or maybe even two or three more.

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