(gazeta.kz) - Nursultan Nazarbayev, President of Kazakhstan, suggested studying and adopting the Singaporean experience of using pension savings to pay the initial mortgage loans today, November 15, at the VI Congress of Kazakhstani Financiers, reports Trend.
"Yesterday we spoke about the Singaporean experience of using pension savings to pay the initial mortgage loans maybe in the system of housing construction savings and even to pay the loans themselves. It should be studied. Maybe, it will be difficult to adopt this experience completely, they have other conditions, their economy is different, but still it can be used," - he observed.