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Funding Agreement for economic advice between 1" of January 2014 to 31 December 2014 
between the National Bank of Kazakhstan 
and the International Peace Institute 
Economic advice provided by IPI and its advisors will focus on the following areas: 
i. 
Establishing and maintaining a suitable exchange rate regime in the face of likely 
financial instability and exchange rate fluctuation in Russia. 
ii. 
Efficiently deploying rapidly growing reserves to maximize financial and political 
advantages. This poses a particularly challenging problem in a world where returns on 
industrial country bonds are low and likely to remain low for a protracted period. 
iii. 
Maintaining a multi-vector approach to international economic policy in a world where 
Russian truculence is increasing, America may be turning inwards, and China is 
becoming increasingly assertive. 
iv. 
Assuring full participation in all aspects of the global economic system while maintaining 
involvement in the Eurasian Union. 
v. 
Remaining attractive as a target for foreign investment in the face of regional political 
instability. 
Request for Funding 
In this context, the International Peace Institute seeks support from the National Bank of 
Kazakhstan, in order to finance the consultation and advice for the focus areas mentioned above, 
in the amount of USD 400,000. 
IPI proposes the following provisions to this Agreement: 
Article I 
Disbursement 
The contribution shall be given upon the entry into force of this Agreement or as may be agreed 
between the National Bank of Kazakhstan and the International Peace Institute. 
For purposes of receiving donor contributions by wire, the International Peace Institute uses the 
following bank account: 
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International Peace Institute 
Raiffeisenlandesbank NO-Wien AG 
Looshaus, Michaelerplatz 3 
1010 Vienna 
Austria 
IBAN: AT 163200000011234044 
BIC/SWIFT: RLNWATWW 
Article H 
Meetings and Participants 
The International Peace Institute shall facilitate on a yearly basis 
i. 
one meeting in Kazakhstan between representatives of the National Bank of 
Kazakhstan and the International Peace Institute's economic advisors 
ii. 
three additional meetings in Europe and the United States between representatives of 
the National Bank of Kazakhstan and International Peace Institute's economic advisors 
The National Bank of Kazakhstan may decide at their sole discretion who shall participate at the 
meetings from their side. President Terje-Rod Larson and two economic advisors will participate 
at the meetings from the International Peace Institute. 
Article III 
Limitations 
The extent of the economic advice within this contract is limited to the four aforementioned 
meetings. Any additional consulting service such as policy papers, additional advice on topics of 
interest would require a new contract and remuneration agreement. 
Article IV 
Management of the Contribution and Procurements 
The use of the contribution from the National Bank of Kazakhstan and the management of funds 
shall comply with professionally accepted bookkeeping rules and practices. The International 
Peace Institute shall ensure that no illegal or corrupt practices relate to the use of the 
contribution. All procurements shall be made in accordance with generally accepted principles 
and good procurement practices. 
This Agreement is drawn in duplicate with one copy for the International Peace Institute and one 
for the Government of the Republic of Kazakhstan. 
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« 
o June 2014 
« 
» June 2014 
National Bank of the Republic of 
For the International Peace 
Kazakhstan 
Institute 
National Bank of the Republic of 
The International Peace Institute, 
Kazakhstan 
Vienna 
EFTA00587878