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Prime Minister holds meeting on AIC financial recovery


Today at the Ukimet Uyi Prime Minister of Kazakhstan Bakytzhan Saginatyev held a meeting on the course of implementing the program of financial recovery of agro-industrial complex.

For reference:

The program was launched in August 2013 in the framework of Agribusiness 2020 sectorial program for the development of agro-industrial complex of the Republic of Kazakhstan for 2013-2020.

The document provides for the 2nd level of financial recovery of agribusiness entities by the banks both on the own and borrowed from KazAgro holding funds by cheapening the interest rates and extending the terms of repayment of loans and lease obligations of the agri-industrial entities.

Source: Government of the Republic of Kazakhstan