Government considers progress in implementing President's instructions

Deputy Prime Minister, Minister of Finance of the Republic of Kazakhstan Yerulan Zhamaubayev held a meeting on lending to the economy.

The meeting was attended by representatives of the Ministries of Finance, National Economy and the Agency for Regulation and Development of the Financial Market.

A number of issues were considered concerning reapplication of debtor bankruptcy, simplification of procedure of property release from restrictions, establishment of differentiated final subsidy rates applied within business support programs, as well as issues related to tax benefits for the banking sector.

Following the discussion, Yerulan Zhamaubayev gave a number of relevant instructions to state agencies to work out measures to involve second-tier banks in lending to the real sector of the economy.

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