The Committee on Economic Policy, Innovative Development and Entrepreneurship of the Senate of the Parliament of the Republic of Kazakhstan reviewed the performance and future plans of the Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Managing Holding JSC).
The meeting was attended by the leadership of Baiterek Holding, the Development Bank of Kazakhstan, and the Industrial Development Fund.
“During the Address of the President to the Nation on September 8 this year, it was noted that support measures for the development of the manufacturing industry are being implemented through various institutions, based on different approaches and conditions. The President set the task to systematize this work and ensure its coordinated implementation,” emphasized Suindik Aldashev, Chairman of the Senate Committee on Economic Policy, Innovative Development and Entrepreneurship, as he opened the meeting.
He also noted that the Senate and the Committee continue to focus on issues of entrepreneurship support aimed at improving the standard and quality of living of the population. In particular, the discussion touched upon the achievement of goals related to the development of small and medium-sized businesses.
In his remarks, Acting Chairman of the Management Board of Baiterek National Managing Holding JSC, Ersain Khamitov, described the Holding Group as a key implementer of government support measures, highlighting the Development Bank of Kazakhstan as a major development institution that mobilizes market resources to finance the national economy.
During the meeting, Senators were briefed by Marat Yelibayev, Chairman of the Management Board of the Development Bank of Kazakhstan, who presented the Bank’s key results and strategic priorities as a national financial institution supporting the country’s sustainable and diversified growth.
The presentation highlighted ongoing and upcoming projects financed with the Bank’s participation across the manufacturing, metallurgy, fertilizer production, ferroalloys, engineering, infrastructure, and agro-industrial sectors.
During the discussion, Senators raised a number of issues requiring further consideration, including the criteria for selecting priority projects, ensuring the repayment of funds, as well as matters of regional balance and import substitution effectiveness.
Following the meeting, participants agreed on joint approaches and outlined further cooperation aimed at achieving the objectives set by the Head of State.
