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Draft law on Memo on Kazakhstan-US mutual understanding passed

Kazakhstan Materials 22 June 2006 10:22 (UTC +04:00)

(KAZINFORM) - At todays plenary session of the Majilis of the Parliament of Kazakhstan has been approved a draft law On ratification of the Memorandum on mutual understanding between Governments of Kazakhstan and the US in Kazakh-American programme for economic development.

The programme will be funded by the Government of both states. The US will contribute USD 24.5 mln, Kazakhstans co-financing will make USD 15.5. mln, reports Trend.

It is aimed at the development of human capital, growth of entrepreneurship and competitiveness, improvement of investment climate and global integration.

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