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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Kazakhstan’s National Oil Fund assets might be used to finance S&MBs

Posted on 17 August 2012

Late November a decision might be taken to use assets of the National Oil Fund to finance small and middle-sized businesses, which will enable the latter to rely on long cheap money, KazTag Agency reports, citing Ablai Myrzakhmetov, Chairman of the Atameken major business lobbying group.
“The assets of the National Oil Fund are managed by the National Bank, with the investment yield standing at 1.7%. Second-tier banks are ready to borrow the funds at the APR of 2.5% to finance small and middle-sized businesses………………………………………..Full Article: Source

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