Kazakhstan’s oil fund is one of the most opaque in the world
Illustration showing how the money gets transfered from the National Fund into the budget. Illustration by Daniyar Mussirov. Used with permission. This article was written by Dmitriy Mazorenko for Vlast.kz. An edited version is published on Global Voices under a media partnership agreement. Kazakhstan’s National Fund started in 2000 as a safety net for the government to be used in times of crisis. However, even during economically “good times” the government has continued to prop up its budget through withdrawals from it. This goes against President Kassym-Jomart Tokayev’s promise to impose gr...