Fund of emergency assets to be created and capitalized up to the end of 2008 - PM
Almaty. September 10. Kazakhstan Today - Fund of emergency assets will be created and capitalized up to the end of 2008. The Prime Minister of Kazakhstan, Karim Masimov, informed during the meeting concerning construction in Almaty, the agency reports referring to official mass media. "The leader of the state ordered to create fund of emergency assets. The government along with the interested institutions is realizing this project. I think that the fund will be created and capitalized up to the end of 2008," K. Masimov said. Foreign institutes will be involved in creation of the fund. As it was informed earlier, creation of the fund of emergency assets should not become the reason for decrease in effectiveness of asset management and operations in the domestic banks. The Prime Minister of Kazakhstan, Karim Masimov, informed during the conference - Central Asia. Investment Opportunities. New Silk Way. The goal of the fund is support the banks to a great degree relying on the assets provided by mortgage in the form of real estate, by re-structuring of their problem assets and in necessary cases - their selling.
Resourse: Kazakhstan Today