OREANDA-NEWS. March 24, 2014. The Government under the chairmanship of Serik Akhmetov held its first in 2014 board meeting of JSC "National Management Holding "Baiterek" .

The Board of Directors approved the Development Strategy of the Holding for 2014-2023. The document defines the priorities for making the Holding an integrated development institution, as well as the strategic direction for the next decade.

The tasks of high priority of the Holding Strategy:

- ensuring break-even level of operating and financial performance;

- improving the efficiency of financial management;

- increasing the level of transparency and credibility.

Strategic directions of the Holding’s development for 2014-2023:

- promoting sustainable development of Kazakhstan's economy by providing financial support to priority sectors;

- supporting small and medium enterprises;

- supporting new, modern industries and innovation;

- supporting export business of Kazakhstan’s companies;

- contributing to the resolution of socio-oriented tasks of the state.

Key centers of growth and development of the Holding Company are identified, the basic financial parameters of development institutions integration into a single holding are developed, the most effective ways to attract investment and investment policy priorities, as well as mechanisms for crediting the economy of the country are determined in the Strategy based on the analysis and forecast of the financial services market. The strategy includes key indicators of the Holding’s activities for execution of primary tasks and strategic directions for 2014-2023.

The Board of Directors has decided to capitalize the budgetary funds to the authorized capital of the Holding "Baiterek" in the amount of 20 330 779 thousand tenge. These funds will be used to increase the authorized capital of JSC "Kazyna Capital Management", which in turn forwards them to the creation of the Infrastructure Projects Fund. The remaining amount of 330 779 thousand tenge will be spent on the creation of Instrument Design Department of JSC "National Agency for Technological Development".

We would remind you that, the Prime Minister Serik Akhmetov instructed "to force the pace of work on formation of the Infrastructure Projects Fund, which should start operating and attract investment in the creation and development of infrastructure" at the Board of the Ministry of Industry and New Technologies on 6 February 2014.