President held intersessional meeting of Council for management of KZ National Fund

ASTANA-AKORDA. January 27. KAZINFORM Head of the State Nursultan Nazarbayev has held intersessional meeting of the Council for management of the National Fund of the Republic of Kazakhstan, Kazinform refers to the President?s press service. The meeting considered allocation of USD 10 bln to stabilize the economy of Kazakhstan in the context of the global financial crisis.

Nursultan Nazarbayev noted that the first USD 5 bln were aimed at capitalization of ?SamrukKazyna? National Welfare Fund. The Government also proposes to invest USD 5 bln in ?SamrukKazyna? (KZT 480 bln) and ?KazAgro? National Holding (KZT 120 bln).