KAZAKHSTAN NATIONAL FUND
The national fund of the nation of Kazakhstan, created in 2000, aims to secure the country against price fluctuations in oil, gas, and mineral prices in this country. It is also created to act as a future fund to stabilize its social and economic development.
Monitored by the Central Bank of the Republic of Kazakhstan, its sovereign wealth fund sprung from surplus revenues that is gained from taxes on the development of Algeria’s oil, gas, and metals. As of 2008, the Kazakhstan National Fund’s assets were approximately $21.6 billion assets, the Sovereign Wealth Fund Institute said.
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