Kazakhstan will attract around 230 billion tenge from the Asian Development Bank. The Kurultai has ratified the corresponding agreement. The funds will be allocated to transport infrastructure, industry and education. The agreement was signed in September this year. It provides for a 3.4-billion-yuan loan from the ADB for a period of 15 years, including a three-year grace period. The loan will help ensure the implementation of major socio-economic projects and support sustainable economic growth, Finance Minister Madi Takiyev emphasized.
«The provision of a loan to Kazakhstan in the corresponding amount demonstrates the high level of international confidence in our country. At the same time, it should be noted that the actual debt indicator levels established under the Concept for Public Finance Management remain within the permissible limits,» noted Kazakh Minister of Finance Madi Takiyev.
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