...

Kazakhstan looks to adopt 'Concept for dev't of financial sector until 2030'

Business Materials 23 February 2021 16:50
Kazakhstan looks to adopt 'Concept for dev't of financial sector until 2030'

BAKU, Azerbaijan, Feb. 23

By Nargiz Sadikhova – Trend:

Kazakhstan is planning to adopt the 'Concept for the development of the financial sector until 2030', Kazakhstan’s Prime Minister Askar Mamin said, Trend reports citing the press office of the government.

Mamin noted that the adoption of the Concept is planned in order to for develop the country’s financial market.

"Measures will be taken to significantly expand bank lending to the economy on the basis of market mechanisms, taking into account the need to ensure the stability of the financial system and economic growth," Mamin said.

He also added that in order to develop the long-term potential for economic growth, work will continue to stimulate the formation of a new structure of the economy based on a competitive non-resource sector, embedding in regional and global value chains.

"A fundamentally new institutional framework will be formed, which will create conditions for high-quality and sustainable development of the economy, accompanied by an increase in the quality of life and well-being of the population in the context of a new economic reality," Mamin said.

---

Follow the author on Twitter: @nargiz_sadikh

Tags:
Latest

Latest