Astana among top financial centers in Global Financial Centers Index
Baku, Azerbaijan, March 27
By Ali Mustafayev – Trend:
Astana was included in the Global Financial Centers Index (GFCI) rating, along with such financial centers as London, New York, Tokyo, Singapore, Dubai, Shanghai and Abu Dhabi, Kazakh media outlets reported.
Inclusion of Astana in the rating of global financial centers was mainly facilitated by the full-scale operation of the Astana International Financial Center (AIFC) since January 2018.
The official presentation of the 23rd edition of GFCI was held in the Chinese city of Qingdao.
Previously, Astana was included in the list of associate candidates for inclusion in the GFCI main rating, with demand on an obligatory criterion of recognition and appreciation of the AIFC by the international financial community.
According to the GFCI rating, Astana entered the top 10 financial centers in Eastern Europe and Central Asia, ahead of Budapest, St. Petersburg, Almaty, Baku and other centers in the region.
The Global Financial Centres Index (GFCI) is a ranking of the competitiveness of financial centers based on over 29,000 financial centers’ assessments from an online questionnaire together with over 100 indices from organizations such as the World Bank , the Organization for Economic Cooperation and Development, and the Economist Intelligence Unit.
The first index was published in March 2007. It has been jointly published twice per year by Z/Yen Group in London and the China Development Institute in Shenzhen since 2015, and is widely quoted as a source for ranking financial centers.