ASTANA, May 15, 2026 — Kazakhstan, represented by «Fund of Problem Loans» JSC, has officially assumed the chairmanship of the International Public Asset Management Company Forum (IPAF), an international platform uniting public organizations and financial institutions involved in distressed asset management under the auspices of the Asian Development Bank (ADB). Kazakhstan has also been granted the right to host the Forum’s 10th Anniversary IPAF Summit.

The transfer of the chairmanship was officially finalized in Ulaanbaatar during the IPAF Seminar, where the Mongolian Asset Management Corporation (MAMCO) formally handed over the chairmanship status to the Kazakh side.

Earlier, following the 9th IPAF Summit, «Fund of Problem Loans» JSC obtained the status of a full member of the Forum, strengthening Kazakhstan’s participation in the international agenda on distressed asset management and the NPL (Non-Performing Loans) market.

Deputy Chairman of the Management Board of «Fund of Problem Loans» JSC, Nurzhan Baigaziyev, noted that Kazakhstan’s chairmanship in IPAF reflects the country’s institutional progress in the field of distressed asset management.

“Chairmanship in IPAF confirms Kazakhstan’s growing role in the international professional community and our readiness to contribute to the shared agenda. IPAF serves as a platform for discussing financial system resilience, distressed asset management mechanisms, and ways to reduce systemic risks. This chairmanship will further strengthen professional cooperation and the exchange of best practices among participating countries,” said Nurzhan Baigaziyev.

IPAF brings together public organizations, financial institutions, and asset management companies from across Asia, as well as the international professional community engaged in the resolution of non-performing loans.

As part of its chairmanship, Kazakhstan will host the 10th Anniversary IPAF Summit in Astana this August, along with theInternational NPL Conference, the Investment Forum, and the IPAF Coordination Council Meeting.

Delegations from approximately 14 countries are expected to participate. Key participants and speakers will include representatives of the Asian Development Bank (ADB), and specialized financial institutions from IPAF member countries.

Special attention during the Summit will be given to the digitalization of asset management, the development of electronic trading platforms, the implementation of technological solutions, and the expansion of international investment cooperation in the distressed asset sector.

According to «Fund of Problem Loans» JSC, hosting the Summit will provide an opportunity to showcase Kazakhstan’s practical experience in developing the distressed asset market infrastructure, including electronic trading platforms, market-based debt resolution mechanisms, and the attraction of private investors.

«Fund of Problem Loans» JSC was established in 2012 as a specialized state institution for distressed asset management. The Fund’s activities are aimed at supporting the recovery of the banking sector, debt restructuring, asset recovery and disposal, as well as reintegrating assets into economic circulation.