Till the end of the current week state fund with assets management of state development institutes will be created - source

/INTERFAX-KAZAKHSTAN, Astana, March 13, 06/ - In Kazakhstan till the end of the current week, as it is expected, state fund Kazyna (treasury) will be created with a view to manage assets of state development institutes, knowledgeable source informed Interfax-Kazakhstan. "Till the end of this week such fund (Kazyna) will be created. It will execute functions of state development institutes activity coordination. Fund will be transferred in management state blocks of their shares", - interlocutor noted. As it known, president of Kazakhstan Nursultan Nazarbayev, applying on March 1 with annual speech to the country's people, ordered the government "for coordination of actions of state development institutes to form managing company, which will include all development institutes". According to the source, it is assumed, that besides coordinated functions created structure, by plan of the government, will accumulate state funds for acquiring abroad attracted assets, particularly, small blocks of shares transnational assets, working in those sectors, which are "growth points" in Kazakhstan. Such sector, the source noted, particularly, is financial sector of the republic. As it is known, in Kazakhstan, starting from 2001, within realization of industrial-innovation development strategy state development institutes were created, particularly, state Development bank of Kazakhstan JSC, investment innovation funs, center of marketing-analytical researches, corporation on insurance of export credits. [2006-03-13]