Kazakhstan

Kazakhstan is seeking to attract Canadian investment to explore an estimated USD 40 tln of untapped mineral resources, during a visit to Toronto this week. The country is looking to become a leading mining hub. Further, Kazakh Economy Minister Zhumangarin has said the country is preparing scenarios to manage the budget if oil prices fall to USD 50-55 per barrel. In the current forecast scenario, the government estimated oil this year to be USD 75 per barrel, and the Kazakh tenge to be 470 per US dollar.