State to regulate activity of microfinance organizations - Akishev

Deputy Chairman of the National Bank of Kazakhstan Daniyar Akishev has announced introducing draft Law "On microfinance organizations" to Majilismen.

"In his State-of-the-Nation Address the President gave instruction to the Government jointly with financial regulators to elaborate a corresponding bill and a complex of measures on the issues of expanding access to microcredit instruments and mechanisms for their implementation," D.Akishev said.