The state guarantee mechanism has been operational in the country since 2022. It allows borrowers to secure their obligations to investors and financial institutions in full or in part when a business lacks hard collateral.
How the mechanism works and how funds are utilized
According to Zhanara Orozalieva, Head of the Department for Banking Cooperation and Liability Accounting at the Financial and Credit Fund under the Ministry of Finance, the state acts as a financial "lever" for the borrower during the project implementation period. Once the facility is commissioned, the bank obtains full collateral, and the ministry is released from its obligations.
Thanks to this support, implemented with the participation of the State Financial Holding, large-scale infrastructure and production initiatives are being carried out in the republic.
- Construction of hydroelectric power plants (HPPs)
- Creation of new plants
- Development of factories
