Allco avoided Kazakhstan
A weird little article on the website of the Sydney Daily Herald, about Allco, an Australian bank that had planned to invest in Kazakhstan. According to the article, in 2007, Allco planned to open a fund with Kazyna, the Kazakhstan State development holding, with each donating $50 million. The Allco Kazyna Foreign Investment would have been open to foreigners, presumably providing investments to attract more direct investment in Kazakhstan. And then, shortly after the Parliament elections, Allco pulled out saying it was “too risky”. But there doesn’t seem to be much insight into what exactly happened.
Just an interesting footnote I thought might get passed over.
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