Delivering a speech at the joint sitting of the Kazakh Parliament Houses, President Nursultan Nazarbaev highlighted importance of the timely adopted measures for easing of influence of the world economic crisis on Kazakhstan economy.
Having listed the measures taken by the country for stabilization of the economic situation, Head of the State noted that Kazakhstan’s general reserves with consideration of the national fund make US$ 47 billion today.
As President informed, he charged the Government and “Kazyna” Sustainable Development Fund to work on the issue regarding establishment of a Fund of Stress Assets. The Fund will render assistance to the banks in view of lowering of collateralized property prices.
“According to the analysis, crisis tendencies in the world economy have not been overcome yet. Therefore, we should be ready for difficulties caused by instability of the world economy”, President said.
