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Kazakhstan: the ‘second wave’ of privatization

The stock exchange is to play a key role in privatization. “In the authorities’ vision, the AIFC stock exchange will be the main venue for the ‘second wave’ of privatization. At the end of 2015, Kazakhstan announced a new privatization plan that seeks to reduce state ownership of the national economy from more than 40 percent to around 15 percent, the Organization of Economic Cooperation and Development (OECD) standard. A total of 877 companies are included in the Complex Privatization Plan for 2016-2020 (including 268 assets of the state-owned holdings) and the progress of privatization can be tracked on the register website.”