Kazakhstan to borrow 227 billion tenge from Asian Development Bank

Kazakhstan will borrow 227.4 billion tenge (3.4 billion Chinese yuan) from the Asian Development Bank to cover budget expenditures. The loan, approved in two readings by parliament, has a 15-year term with a three-year grace period and an annual interest rate of 1.69%. The funds will be used for social sector development, infrastructure, industry, and education.

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