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JP Morgan interested in participation in real sector projects of Kazakhstan
Astana, March 2 2009
Kazakh Prime Minister, Karim Masimov, met with the representatives of JP Morgan led by the cochairman of the investment bank's management board, William Winters.
"Winters confirmed interest of foreign investors in whole and JP Morgan in particular in implementation of the projects in the real sector of Kazakhstan's economy. He also noted, that Kazakhstan remains attractive in issue of investments," the Prime Minister's press office reported Monday.
The sides have also discussed the situation of the world economy and financial system, as well as prospects of development of Kazakh economy.
The representatives of JP Morgan noted, that the devaluation of tenge "is a painful but well-timed and necessary step for Kazkahstan's economy."
According to JP Morgan representatives, the stabilizing measures that are being applied by many major Kazakh enterprises of the real sector are an example of policy of preserving segments of world industry, and the government's support plays a key role in this process.
As reported, JP Morgan plans to open a representative office in Kazakhstan.