Kazakhstan President Demands Banks Increase Business Lending

President Kassym-Jomart Tokayev has instructed Kazakh banks to actively participate in long-term business lending, calling it their primary mission. He stated the economy requires significant financing beyond the state budget. The president called for creating regulatory conditions, including effective management of banking liquidity, to launch new long-term credit mechanisms for key economic sectors. Banks, development institutions, and international organizations are to be involved.

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