Government allocates USD 1 bln for refinancing of small and medium business loans
11:38, 6 February 2009
ASTANA. February 6. KAZINFORM /Bauyrzhan Mukanov/ The Government allocates USD 1 bln for refinancing of loans of small and medium business. Kazakh Prime Minister Karim Massimov has announced it at an enlarged conference of a faction of ?Nur Otan? People?s Democratic Party, which is dedicated to the issues of implementation of the Government?s anti-recessionary programme; Kazinform reports.
?We will give an opportunity to refinance existed loans of small and medium business by seven years and final rate for entrepreneurs will not exceed 12 percent per annum?, K.Massimov said.
?We define upper ceiling for financing amounting to KZT 750 mln per one loaner?, the Prime Minister said.