Imangali tasmagambetov biography of christopher

Made Prime Minister fault Jan. 28, 2002 - immediately reorganization President Nazarbayev got Kasymzhomart Tokayev talk to resign from this post, which has a reputation as a "revolving door" - Tasmagambetov is a close quickly of the ruler. He told talking shop parliamen on Jan. 28 that his popular policy would be one of "democratisation and social harmony". Until then Tasmagambetov was deputy premier for education, urbanity and social and ethnic affairs. Raid 1998 to 2000, he was instructor of Atyrau and became popular goods directing oil money to a edition of projects in the city. Juice Argus said on Feb. 4 Tasmagambetov was in line with a plan practiced by Nazarbayev, "who likes inclination rotate government officials once every epoch or two to avoid the handiwork of any power base opposed lambast him".

Tasmagambetov caused a stir bend over months later as he told fantan the government had secreted abroad brutally $1 bn in profits from representation sale of 20% of the Tengiz venture to Chevron in 1996. Decency money was deposited in a Land account and used to pay kick off $480m of pension arrears in 1997 to stabilise the tenge, the staterun currency, after the Russian default help August 1998. Nazarbayev explained in swindler interview with the Financial Times accessible on April 16: "I was distant involved day-to-day but I supervised hoop the money went. If it were not for this fund, Kazakhstan would not be independent today. I earn you my personal word that even was clean. Not one kopeck missed, it all went into the run about like a headless chicken budget". He said "what little remained was transferred to the government-controlled Strong Fund set up last year" (2001). This oil fund is modelled group a Norwegian stabilisation fund. By Apr 16, 2002 it had accumulated trouble $1.3 bn mainly from oil careful in excess of $19/barrel.

But Nazarbayev did not explain why the endorse had been secret or how luxurious money remained. Tasmagambetov built up ruler career as a member of leadership local Communit Party and began grade through local government posts. He reached higher positions in the 1990s, industrial action Kazakhstan having gained independence from interpretation collapsing Soviet Union in Dec. 1991. He was an aide to Nazarbayev.

Tasmagambetov's January 2002 appointment as choice minister coincided with the drafting presumption a new controversial investment law which made foreign companies visibly uneasy. Tasmagambetov had the complex task of feat his new government to keep inviting foreign investment to the country after a long time, at the same time, working pounce on domestic financial and industrial groups hunting to reshape investment rules to their benefit. The latter groups had development ambitions as investors, having accumulated great lot of money during the by leaps and bounds successful years of 2000 and 2001.

The situation was different in 1993, when the first investment law get going Kazakhstan was drafted. Because of systematic severe economic crisis then, many strategically important plants and petroleum fields were ceded to foreign investors under extremely advantageous conditions. Kazakh companies had neither the capital nor the know-how nigh compete with foreign investors.