Astana Economic Forum

25 May 2016 - 26 May 2016, 00:00AM - 6:00PM, ALMT Astana, Kazakhstan

On 25−26 May, Astana was the venue for the 9th Astana Economic Forum (AEF), a platform for international dialogue that facilitates constructive discussions of economic development issues concerning both Central Asia and the entire world in relation to changes witnessed in the global economy. AEF participants − more than 2,000 prominent experts, heads of states, CEOs − made their way to Astana to address the challenges concerning "The New Economic Reality: Diversification, Innovation and the Knowledge Economy."
KPMG in Kazakhstan and Central Asia supported the forum and had excellent visibility as a partner of the flagship debate "The new business climate for the private sector" and the sponsor of a special publication dedicated to this high-level conference held as part of the forum. At the forum KPMG also presented its thought leadership publications, including Global Infrastructure perspective 2016 and China Outlook 2016. The forum featured two speakers from KPMG: Vassily Savin, Head of Deal Advisory in Kazakhstan and Central Asia, and Robert Vartevanian, Head of M&A and Financing, KPMG in Russia and the CIS. Vassily spoke about the oil market development outlook at a session devoted to "The Shifting Landscape of Global Energy & Resources" held as part of an AEF event, the Silk Road Countries Forum. Robert represented KPMG at the flagship debate "The new business climate for the private sector: What are the rules of the game?" where the high-ranked panel participants discussed the future of the private sector in the region. In his speech Robert highlighted the need for the country to consider the global context when assessing the competition to attract private capital into Kazakhstan. He pointed out that capital is both financial and human and that it needs to be an attractive environment to attract and then retain capital investment. He also noted that within the context of China's One Belt One Road initiative, there should be primary, secondary, and tertiary opportunities for the private sector.
On 25 May Ashley Clarke, Partner, COO and Head of Audit, KPMG in Kazakhstan and Central Asia, participated in a press conference which was also held as part of the AEF by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Astana International Financial Centre (AIFC). The conference was devoted to the signing by these two parties of an agreement on financial education, training and qualifications and the advancement of professional standards in business in Kazakhstan. "At KPMG we consider that the ongoing professional development of our people is fundamental to providing the best-quality service to our clients. In addition to local certifications, we believe that international qualifications and training are very beneficial, as these allow our professionals to acquire knowledge of global best practices in a structured way, and to obtain qualifications that are recognised throughout the world. As the Kazakhstan country representative for the ICAEW, I am delighted to see this Memorandum of Understanding signed for cooperation between the Astana International Financial Centre and the ICAEW," Ashley said.
 

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