Kazakhstan Launches State Debt Management Council

, and Administrator

2025 December 24 . 9:19 AM

1 min read

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Kazakhstan Launches State Debt Management Council

Kazakhstan has set up a new State Debt Management Council to oversee public borrowing and strengthen the government securities market. The body was officially announced on 22 December, with Bolat Sembinov named as its head. Its creation follows a joint effort by the Ministry of Finance, the National Bank, and the Ministry of National Economy.

The council’s main responsibilities include coordinating debt management decisions and shaping issuance policies. These policies will factor in macroeconomic trends and long-term debt sustainability. Another key focus is developing a liquid and efficient market for government bonds.

By improving liquidity, the council aims to reduce state borrowing costs and establish benchmark yields. Authorities believe a well-functioning securities market will support broader capital market growth. The move is part of wider efforts to enhance public finance stability.

The new council will work to streamline debt management and foster a more robust government bond market. Lower borrowing costs and clearer benchmark yields are expected to follow. These steps are designed to bolster Kazakhstan’s financial resilience in the long term.