U.Shukeyev told about application of resources of National Fund

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ASTANA. February 7. KAZINFORM Chairman of the board of "Samruk-Kazyna" Fund Umirzak Shukeyev told about application and repayment of funds of the National Fund at today's session of the board of the Fund attended by Prime Minister Serik Akhmetov.

"The work on application of funds allocated for the Anti-crisis Program continues. In 2008-2009, KZT 1 trln 87.5 bln was allocated from the National Fund for anti-crisis measures. This includes KZT 487.5 bln for stabilization of the financial sector, KZT 120 bln for implementation of innovative, industrial and infrastructural projects, KZT 480 bln for small and medium business support, KZT 120 bln for refinancing of mortgage loans and KZT 170 bln for shared construction support," U.Shukeyev said.

According to the head of the Fund, the allocated funds were used in view of ensuring their recoverability and to date, 331 billion tenge has been repaid.

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