24.11.2008, 19:14 2581

70 % allocated by government for support to small and medium business funds to be spent on refinancing of current projects - Kelimbetov

70 % of the funds allocated by the government for support of small and medium business will be spent on refinancing of the current projects. The chairman of Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, informed today during the selector government meeting, the agency reports.

Astana. November 24. Kazakhstan Today - 70 % of the funds allocated by the government for support of small and medium business will be spent on refinancing of the current projects. The chairman of Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, informed today during the selector government meeting, the agency reports.

"Next year Samruk-Kazyna, on behalf of the head of the state, within the anti-recessionary program, will allocate 120 billion KZT ($1 billion) for support of small and medium business ... The allocated funds - 70 % will be used for refinancing of the current projects to decrease the credit rating for small and medium business and 30 % - for realization of the new projects," K. Kelimbetov explained.

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