After the dissolution of Soviet Union, Kazakhstan became an
independent country on December 16, 1991. The early years of
this newly formed country were marked by significant reforms to
the Soviet-styled economy. Later, Kazakhstan made a noteworthy
progress toward developing a strong market economy. Since 2000,
the country is experiencing significant growth in all sectors by
making use of their large reserves of oil, gas, and minerals.
Due to good economical condition, Kazakhstan repaid all of its
debt to the International Monetary Fund (IMF) in 2000, 7 years
ahead of schedule and became the first former Soviet republic to
do so. In September 2002 Kazakhstan received an investment-grade
credit rating from a major international credit rating agency
and became the first country in the CIS to achieve that goal.
Kazakhstan has the biggest wealth and financial system in
Central Asia. It has got extensive area of fossil fuel reserves
along with minerals and metals. The industrial part of
Kazakhstan lays itself on th