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The Astana International Financial Centre (AIFC) was created in Kazakhstan in 2015 by former President Nursultan Nazarbayev within the “100 Concrete Steps” Plan of the Nation to achieve the country’s ambition of joining the top 30 developed countries by 2050. It started on 5 July 2018 as a financial hub for the countries of Central Asia, the Caucasus, Eurasian Economic Union (EAEU)(1), Middle East, Western China, Mongolia and Europe, a regional hub of Chinese President Xi Jin Ping’s 2013 Belt and Road initiative, which will cover about 60 countries of the world, with a total population of over 4 billion people and a GDP of about 2 trillion $. The goal is to be in the top 20 leading Asian financial centres before 2028.
Kazakhstan has a 4.5% 5-year expected GDP growth...
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