Institutional development of entrepreneurship discussed in Astana

ASTANA. May 13. KAZINFORM /Kurmat Samarkhan/ Regular session of the public advisory council under the Samruk Kazyna National Welfare Fund has been held today in Astana.
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The fourth session of the council was devoted to the discussion of proposals on modernization of the institutional environment for development of entrepreneurship. Results of joint researches of Kazakh and Russian experts on this direction were presented at the session. As Chairman of the Board of the Fund Kairat Kelimbetov noted, support of small and medium business through the Fund was one of the main commissions to the Government on antirecessionary measures and stabilization of the economy. ?About USD 1.5 bln were allocated in 2007-2008 and USD 120 bln within the third trance. I hope, the banks will accomplish the disbursement of these funds in May this year?, he noted. ?However, although the realization of all anti-crisis measures is successfully ongoing, many challenges and problems for the development of small and medium business and the Kazakh business as a whole still arise?, the President of the Fund stressed. The necessity of development of the cooperation between the Government, business and society and establishment of competitive environment for small and medium business entities was noted within the presentation of the results of joint researches on modernization of the institutional environment for the development of entrepreneurship.
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