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70 % allocated by government for support to small and medium business funds to be spent on refinancing of current projects - Kelimbetov
19:14 24.11.2008
text: "Kazakhstan Today" views: [95] Related articlesBudgetary funds to be received by banks - government partners - Kelimbetov Samruk-Kazyna transferred 120 billion KZT to banks of second level Kazakhstan banks used 19.2 % of funds allocated for support to small and medium businesses Alliance Bank received 18 billion KZT for support of small and medium business More than 80 % of National funds used allocated for realization of anti-recessionary measures Astana. November 24. Kazakhstan Today - 70 % of the funds allocated by the government for support of small and medium business will be spent on refinancing of the current projects. The chairman of Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, informed today during the selector government meeting, the agency reports.
"Next year Samruk-Kazyna, on behalf of the head of the state, within the anti-recessionary program, will allocate 120 billion KZT ($1 billion) for support of small and medium business ... The allocated funds - 70 % will be used for refinancing of the current projects to decrease the credit rating for small and medium business and 30 % - for realization of the new projects," K. Kelimbetov explained.
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