Financial Sector Development Project

Cowater supported the National Bank of Kazakhstan (NBK) with this project to upgrade its Risk Management and Asset Allocation Capabilities. This project made recommendations on a Governance structure for asset management and risk management which is both aligned with international lending practices and with NBKs particular context and highlighted the importance of the Strategic Asset allocation function for the long, medium and short terms. The project helped the Bank with the clarification of the roles and allocate responsibilities amongst its departments as well and supported the selection and integration of a risk management system.