Kazakh Prime Minister Karim Massimov held a regular session of the Council of Economic Consultants under the Government of Kazakhstan Saturday, Kazinform refers to the press service of the Kazakh Prime Minster.
The Council discussed mechanisms of realization of key provisions of the antirecessionary program for 2009-2010, including macroeconomy and social stability, stabilization of the financial sector, settlement of the real estate marketТs problems, small and middle business support, implementation of innovative, industrial and infrastructural projects and development of agro industrial complex.
Mechanisms and instruments of the monetary policy, ensuring trade balance of the country, additional capitalization of the strategic second-tier banks, organization of the activity of the Stress Assets Fund, attraction of financial resourses of retirement savings, plans for financing of the program on mortgage lending and development of housing sector were considered as well.
Expertise of measures on creation of adequate conditions for realization of innovative, industrial and infrastructural projects corresponding to the current economic situation and new export-oriented sectors of agro industrial complex was carried out.
Special attention was paid to consideration of mechanisms providing effectiveness and control over disbursement of funds, allocated for realization of the stabilization program, elaboration of indicators and criteria for implementation.
A number of famous experts – economists expressed their proposals and recommendations within the discussion. The experts supported governmental approaches and complimented their timeliness. Upon the results of the discussion a number of recommendations for the Kazakh Government, considering practical and strategic objectives, proposals on formation of a monitoring system over the process of implementation of the antirecessionary program and spending of funds, allocated for its realization were developed.
Besides, working groups in key areas of Joint Actions Plan of the Government, the National Bank and the Agency for Financial Supervision on stabilization of the economy and financial system for 2009-2010 were formed within the Council of Economic Consultants.
