The Kazakh government has developed a package of urgent anti-crisis measures to support small and medium-sized enterprises.
Loans up to 360 million Tenge (nearly US$807,000) will be covered by a guarantee of up to 85 percent of the loan size.
2.5 trillion (US$5.6 billion) out of them are funded by extrabudgetary resources, 3.5 trillion (US$7.8 billion) – by state budget.
A green corridor was created for food imports in Kazakhstan.
Kazakhstan, compared to other oil-exporting sovereigns, is less vulnerable to the oil crisis.
The National Bank of Kazakhstan is recommending using non-cash payment in stores and pharmacies, and for online commerce.
The crude oil futures climbed nearly 1.04 percent. This positive momentum in the oil market has been observed for the second day.
IMF chief Kristina Georgieva says 2020 could see ‘a recession at least as bad as during the global financial crisis or worse.
This was stated by Kazakh Deputy Prime Minister Yeraly Tugzhanov at an online briefing today.
The RMB funds raised will be used to support local infrastructure projects and Belt and Road Initiative projects in Kazakhstan.
Trading on the KASE will be conducted in form of the Frankfurt auction.
Investors’ interest in Kazakhstan’s agricultural sector is increasing
The government members are discussing the possibility of tax preferences subsoil users.
These funds will be allocated between Mayors’ offices of Nur-Sultan and Almaty.
Oil producing companies in Kazakhstan will make a transition to austerity.
The fortune of the world’s 20 richest people has declined by nearly US$300 billion.
The lending will be expanded to 1 trillion tenge.
The price of Brent crude was US$36 a barrel. Earlier, due to the failed negotiations of the OPEC members with Russia.
The National Bank raised the interest rate to 12 percent from 9.25.
Russia holds negotiations on the gas transportation to China through Kazakhstan.