27.01.2009, 19:27 2676

Nazarbayev held meeting of Managing Council of the National Fund

The head of the state, Nursultan Nazarbayev, held the meeting of the Managing Council of the National Fund of the Republic of Kazakhstan, the agency reports citing the president's press service.

Astana. January 27. Kazakhstan Today - The head of the state, Nursultan Nazarbayev, held the meeting of the Managing Council of the National Fund of the Republic of Kazakhstan, the agency reports citing the president's press service.

The session participants discussed the question of allocation of $10 billion for stabilization of the Kazakhstan economy in conditions of the world financial crisis.

Nursultan Nazarbayev noted that the first $5 billion in 2008 have been directed for capitalization of the Fund of National Welfare Samruk-Kazyna. $5 billion more the government suggests investing in the Fund Samruk-Kazyna (480 billion KZT) and in JSC Company National Holding KazAgro (120 billion KZT).

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