Kazakhstan will secure a $550 million loan from the International Bank for Reconstruction and Development (IBRD) once members of the Mazhilis, the lower house of parliament, approve the move.
«The International Bank for Reconstruction and Development is issuing an 84.9-billion-yen loan to the Republic of Kazakhstan ($550 million) with a maturity of 11 years. The loan is expected to be raised to support the sustainability of the country’s economy within the framework of the approved deficit of the national budget during the planned period,» MP Tatiana Savelyeva said during a Mazhilis meeting.
In mid-November, the...