Kazakhstan’s exploding oil revenues: save, spend, distribute

Kazakhstan's Sustainable Development Fund Kazyna and Presidential Administration
Kazakhstan's Sustainable Development Fund Kazyna and Presidential Administration

Just look at the number of construction cranes around you and you’ll immediately know that you have landed in a petrostate. What’s special about the Caspian oil giant Kazakhstan is the fact that there are two types of cranes—the idle ones and the busy ones. This becomes nowhere more apparent than in the country’s new capital Astana. The idle cranes stand on private construction sites and the busy ones on public construction sites. Read more »

Submitted by Christine Jojarth on July 2, 2008 - 9:27am


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