1. 41 Kazybek bi, Building A, 3 floor, 050010, Almaty, Kazakhstan, Telephone 7 327 2980 580 Fax 7 327 2980 581,
www.ifc.org/cacgp
Press release
Almaty, Kazakhstan
Assel Choibekova, Communications Associate
IFC Central Asia Corporate Governance Project
Phone: + 7 327 2 980 580
E-mail: achoibekova@ifc.org
IFC Central Asia Corporate Governance Project Commences Cooperation
with Higher Educational Institutions in Kazakhstan
Almaty, Kazakhstan, February 12, 2007— The International Finance Corporation / Central Asia Corporate
Governance Project is announcing the commencement of its Project component aimed at assisting higher
educational institutions (EI) of Kazakhstan in the development of corporate governance curricula to train the next
generation of business leaders.
In the framework of this cooperation, the IFC Central Asia Corporate Governance Project experts look forward to
shareing their expertise and experience in the area of corporate governance. In the initial phase, the intent is to run a
series of training sessions for professors from educational institutions (EI) of Kazakhstan, with their subsequent
certification. In the course of this component’s implementation, the Project experts will be rendering advisory support
to implement corporate governance curricula and designing training modules, presentations and case-studies.
Additionally, upon educational institutions’ initiative, the Project experts will be available to deliver guest lectures.
“The key objective of our work in this direction is the transfer of experience and knowledge that IFC has built up in the
corporate governance area to local educational institutions to enable their successive dissemination via their
educational curricula. This work has an outlook for tomorrow and without this outlook any programs aimed at
reformation and improvement of corporate governance practices would face constraints and would not have any
sustainable and lasting effect”, commented Mr. Nurlan Sarsenov, the IFC Project’s expert responsible for EI
cooperation component implementation.
The Round Table dedicated to “THE PROSPECTS OF COOPERATION BETWEEN EDUCATIONAL INSTITUTIONS AND THE IFC
CENTRAL ASIA CORPORATE GOVERNANCE PROJECT” will launch the commencement of Project’s cooperation with EI.
The Round Table will be held on February 16, 2007, from 09:30 – 11:30 at the following address: 41-A Kazybek bi, 3rd
Floor; Tel.: 2980 580, email: ca-corpgov@ifc.org
The Project’s other components are familiarizing joint stock companies with advanced world practices in corporate
governance through seminars and individual consultations, providing advice to the government of Kazakhstan to
reform the legislative framework and enforcement practices related to corporate governance, and conducting a
public and media education campaign to raise awareness of corporate governance among Kazakhstan’s
population.
This three year project is being implemented and funded by IFC. The Project has focused its activities on Kazakhstan
with the possibility of later extending into other Central Asian countries. Implementing and enforcing sound corporate
governance systems and practices is essential as the economies and companies of Central Asia work to build investor
confidence, revitalize production and further market reforms.
For information: IFC, the private sector arm of the World Bank Group, promotes open and competitive markets in
developing countries. IFC supports sustainable private sector companies and other partners in generating productive
jobs and delivering basic services, so that people have opportunities to escape poverty and improve their lives.
Through FY06, IFC Financial Products has committed more than $56 billion in funding for private sector investments and
mobilized an additional $25 billion in syndications for 3,531 companies in 140 developing countries. IFC Advisory
Services and donor partners have provided more than $1 billion in program support to build small enterprises, to
accelerate private participation in infrastructure, to improve the business enabling environment, to increase access to
finance, and to strengthen environmental and social sustainability. For more information, please visit www.ifc.org
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