In his latest State of the Nation Address, President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.
According to KMG, the Company plans to invest $8 billion into the project before 2014, with the total of investments into a range of projects standing at $20 billion.
At a press-conference in Almaty April 3, Halyk Bank Chairperson of the Board Ms. Umyt Shaykhmetova criticized the BTA’s plans of the second debt restructuring.