Kazakhstan Deputy PM Orders Increased Bank Participation in Communal Infrastructure Modernization Project

Kazakhstan's Deputy Prime Minister Kanat Bozumbayev has instructed to involve more second-tier banks in the national project for modernizing the energy and communal sectors. Currently, "Halyk Bank of Kazakhstan" and "Bank CenterCredit" are the primary financiers. The project aims to attract 1.3 trillion tenge in loans by 2027, with 400 billion tenge allocated for financing through banks and the Development Bank of Kazakhstan.

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