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BearingPoint has been working in the country for more than 10 years now, providing assistance in the economic restructuring of the former Soviet nation.
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| Consulting-Times E-zine
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BearingPoint wins Kazakhstan pension fund privatization project
BearingPoint said it is working with the state-owned Accumulation Pension Fund (GNPF) of Kazakhstan ahead of preparations for GNPF’s privatization. The company didn't disclose the value of the contract.
The firm will provide consulting and technical staff from bases across Europe and North America, with the Emerging Markets team in London providing the management support for the whole project.
Speaking of the announcement, Virginie Sadoine, a Consultant in BearingPoint’s Emerging Markets practice, said: “Kazakhstan has experienced a steady growth rate of over 9% p.a. during the last six to seven year and, so it is encouraging to see it reaching a position where it can start preparations for the privatisation of such a major state financial operation.”
The GNPF assignment is only the most recent chapter in BearingPoint’s decade-plus relationship with Kazakhstan, which has ranged from providing immediate post-independence advice to the former Soviet nation, through to helping to provide tax, banking and other policy support to one of Central Asia’s fastest-growing economies.
Additionally, this new contract complements BearingPoint’s 15 year history in providing a full range of economic governance, training, management, and technology consulting services to developed and developing economies, including projects in Bosnia-Herzegovina, Cyprus, Egypt, Kosovo, Montenegro and Poland.
Earlier this month, BearingPoint was selected as one of nine companies that will get a piece of $3 billion worth of country-building work through the U.S. Agency for International Development.
The company is also doing consulting work for the government of Iraq.
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