Kassym-Jomart Tokayev chairs meeting of Supreme Council for Reforms

A meeting of the Supreme Council for Reforms chaired by President Kassym-Jomart Tokayev took place, El.kz cites the Akorda press service.

The event began with the discussion of the Financial Sector Development Concept. Deputy Chair of the Supreme Council for reforms Sir Suma Chakrabarti. and Chairman of the Agency for Development and Regulation of the Financial Market Madina Abylkassymova spoke on this issue.

The President generally approved the presented approaches. At the same time, the Head of State focused on the opportunities once blockchain technologies and Central Banks' digital currencies are introduced and are in use.

Tokayev underlined new challenges to counter financial pyramids. According to the statistics given in the speech, in the first five months of this year, such organizations have already took possession of the property of more than 17 thousand depositors in the amount of over 27 billion tenge.

One of the focuses of the meeting was the issue of the adoption of concrete measures aimed at more active crediting of the real sector of the economy.

The Head of State called it an important task to redirect the instruments of the National Bank and the Government towards stimulating the transfer of bank liquidity to support enterprises, especially small and medium-sized businesses. Much attention during the meeting was paid to measures to develop safe nuclear and hydrogen energy in the country. Minister of Energy Bolat Akchulakov and Chairman of Samruk-Kazyna JSC Almasadam Satkaliyev reported on the work in this direction.

Referring to the IAEA data, the President informed that atomic energy accounts for around 10% of global electricity generating capacity - the fourth largest energy generating source after coal (36.7%), gas (23.5%), and hydro-energy (16%).

He pointed out that there are over 440 nuclear reactors in 32 countries and around 20 countries are considerating the construction of atomic plants, including Kazakhstan alongside Chile, Indonesia, Algeria, the Philippines, Ethiopia, Senegal, and others.

The Kazakh President believes it important to have a short list of technology suppliers with a focus on the reliability of technologies not only on prices. He also highlighted prioritizing the raising of educational and occupational competence in the field.

«In other words, we need to ensure the training of future generations of qualified physicists, nuclear scientists, engineers, and technical specialists, creation of a brand new educational and occupational base,» the Head of State said.