XXII Eurasian Capital Markets Forum

The plenary session is dedicated to the key economic and investment trends shaping the development of capital markets in the Eurasian region. The discussion will focus on economic growth dynamics, inflation and interest rate trends, the impact of external factors and the geopolitical environment on financial markets, as well as investor expectations and capital flow prospects in the region. Participants will present a comparative view of the economic situation across countries in the Eurasian region and discuss medium-term scenarios for the development of debt markets.

Invited speakers include:

• representatives of central banks and financial regulators of the Eurasian region

• representatives of ministries of finance and government authorities responsible for public debt policy

• chief economists of banks and investment companies

• heads of analytical divisions of international financial institutions

• leading strategists and investment experts from the region

The session will provide an overview of the current state of Kazakhstan’s bond market. The discussion will cover the sovereign, quasi-sovereign and corporate segments, liquidity conditions, as well as issuers’ plans for raising debt financing.

The discussion will feature:

• representatives of the Ministry of Finance of the Republic of Kazakhstan

• representatives of banks and investment companies

• representatives of financial market infrastructure institutions

The session is dedicated to the practical experience of bond issuances in the Eurasian region. Participants will discuss the specific features of local markets, the instruments and borrowing formats used, as well as key takeaways for issuers and investors.

Invited speakers include:

• representatives of issuers from the Eurasian region

• investment banks and lead managers

• consultants and regional market analysts

The session will focus on a macroeconomic overview of the Eurasian region and an analysis of investment opportunities in capital markets. Key topics will include economic growth dynamics, inflation, interest rates, exchange rates, and monetary policy parameters, as well as their impact on investment decisions. Participants will present updated forecasts, compare key economic indicators across the region, and discuss prospective strategies in debt and other segments of the capital markets.

The session will feature:

• Chief economists from banks across the Eurasian region
• Heads of macroeconomic and investment research at investment companies
•  Portfolio managers and strategists from asset management firms
•  Economists from international financial institutions
•  Representatives of analytical centers and research institutes
•  Independent macroeconomic experts

The session will focus on the use of distributed ledger technologies and digital assets in regulated financial markets. Participants will discuss the tokenization of bonds and other financial instruments, the development of digital platforms, regulatory approaches, and practical cases of technology implementation in capital markets.

Invited participants include:

• representatives of exchanges and financial market infrastructure institutions

• representatives of regulatory and supervisory authorities

• fintech companies and technology providers

• banks and issuers participating in pilot projects

The session will focus on the practical aspects of sustainable finance. Participants will discuss investor requirements for ESG instruments, standards and structures of sustainable bonds, real issuance cases, and the prospects for the development of the ESG market. Special attention will be given to partnership financing mechanisms and cooperation between issuers, investors, and development institutions in the implementation of sustainable development projects.

The discussion will feature:

• institutional investors

• representatives of ESG bond issuers

• ESG analysts and consultants

• representatives of banks and investment companies developing partnership financing models

• specialists in structuring alternative investment instruments

3:00–3:10 PM — gathering of participants in the hotel lobby
3:10 PM — departure

Participants will enjoy a sightseeing program around the Borovoe resort area, combining a boat trip with visits to key panoramic viewpoints of the region.

Program highlights:

• boat trip on the lake
• professional photo and video shooting, including drone footage
• stops at scenic locations
• hike to the Bulektau viewpoint (moderate physical activity) with panoramic views

The program offers an opportunity to explore the natural attractions of Borovoe.