Kazakh President informed of application of National Fund resources

ASTANA. February 20. KAZINFORM Kazakh President Nursultan Nazarbayev has received members of the working group on the control over application of funds of the National Fund, allocated within the State Program on stabilization of the economy and financial sector, Kazinform refers to the Presidential press service.

The President listened to the preliminary information on the application of funds allocated from the National Fund. ?The funds, allotted within the program of the financial sector stabilization, hit the accounts of the second-tier banks. Their application will be monitored. In case of improper use of the funds by banks or borrowers, control activities will be held. The Head of the State will be regularly informed of the results of the work?, head of the working group, Chairman of the Financial Supervision Agency Yelena Bakhmutova said at a briefing.