Oil Fund

In order to prove macroeconomic stability and absorb excess liquidity of banks in 2000 the Oil Fund was created. The assets of the Oil Fund amounted to more than USD 15.7 bln., or more than 20% of GDP
Kazakhstan used the Norwegian model of Oil fund
Oil Fund is not a legal entity, but a special account of Ministry of Finance within National Bank

In order to prove macroeconomic stability and absorb excess liquidity of banks in 2000 the Oil Fund was created. The assets of the Oil Fund amounted to more than USD 15.7 bln., or more than 20% of GDP