Baku, Azerbaijan June 13
By Elena Kosolapova - Trend:
Kazakhstan's President Nursultan Nazarbayev has signed a law on ratifying a loan agreement worth $1 billion with the International Bank for Reconstruction and Development (IBRD), Kazakh president's press service said June 13.
The loan will be spent on financing the development policy in the macroeconomic management and increasing the economic competitiveness.
The maturity date of the loan is 20 years with a grace period of 2.5 years.
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