Net FX sales in Kazakhstan are projected to surge by USD 150-200 mln in May, following the deputy chair of the National Bank of Kazakhstan’s comments. The oil fund is slated to contribute around USD 750-800 mln in May, an increase from USD 600 mln in April. The national pension fund’s buying activity mis likely to remain steady at USD 200-250 mln in May. The central bank also anticipates the inclusion of local bonds in the J.P. Morgan Government Bond Index-Emerging Markets.