State guarantee for 250 billion tenge: how else will Kazakhstani exporters be supported
Kazakhstan continues to strengthen support for businesses and the real sector of the economy. New decisions adopted by the Board of Directors of JSC National Managing Holding Baiterek are aimed at expanding financing for investment and infrastructure projects, supporting domestic exporters, and enhancing the effectiveness of state development instruments. As part of the task set by the Head of State to provide KZT 8 trillion in financing to the economy, the Holding has already allocated approximately KZT 3 trillion to support businesses and intends to significantly increase financing volumes in the coming years, according to the Government of the Republic of Kazakhstan, as reported by inbusiness.kz.
A meeting of the Board of Directors of Baiterek Holding was chaired by Prime Minister of Kazakhstan Olzhas Bektenov. The participants focused on attracting additional financial resources for the implementation of major investment projects, promoting non-resource exports, and improving mechanisms for state support of entrepreneurship.
As part of implementing the President’s instructions to ensure adequate financing of the economy, the Board of Directors adopted several decisions aimed at expanding the Holding’s resource base and increasing support for priority sectors of the economy.
“One of the key issues discussed was support for domestic exporters. The Board of Directors approved the conclusion of related transactions by the Export Credit Agency of Kazakhstan JSC to obtain a state guarantee from the Republic of Kazakhstan in the amount of KZT 250 billion for a period of 10 years,” the Government of Kazakhstan stated.
The implementation of this decision is expected to significantly increase the Agency’s insurance and guarantee capacity, expand support instruments for non-resource exports, and improve access to export financing for Kazakh companies.
“According to forecasts, by the end of 2026, the Agency’s portfolio of insurance and guarantee liabilities will reach KZT 1.2 trillion. This will enable increased support for enterprises operating in foreign markets and strengthen the position of Kazakh manufacturers abroad,” the Government noted.
Another important decision was the approval of the Baiterek Holding Sustainable Development Action Plan for 2026–2028.
“The document provides for the further development of green and sustainable finance instruments, support for projects aimed at achieving low-carbon growth, enhancement of ESG risk management mechanisms, and increased transparency and quality of corporate governance,” the Prime Minister’s Office explained.
The plan also places special emphasis on implementing social initiatives, developing human capital, and adopting international best practices in the field of sustainable development.
Currently, the Holding incorporates 15 of the 17 United Nations Sustainable Development Goals into its operations and consistently integrates the relevant principles into the activities of its subsidiaries and partner organizations.
“This work has already received high recognition from international experts. Following the results of 2025, the international rating agency Sustainable Fitch upgraded the Holding’s ESG rating from Level 3 to Level 2. This confirms the Holding’s compliance with global best practices in sustainable development, environmental responsibility, and corporate governance,” the Government stated.
In addition to strategic development matters, the Board of Directors reviewed and approved the consolidated risk report, the internal audit service report, and the anti-corruption compliance service report for the first quarter of 2026.
During the meeting, interim results of the Holding’s efforts to implement the President’s directive on providing KZT 8 trillion in financing to the economy were also presented.
“Since the beginning of 2026, projects worth approximately KZT 3 trillion have received support through the Holding’s financial instruments. Particular attention is being paid to the development of small and medium-sized enterprises. During the first months of the year, financing was provided to 2,975 SME projects totaling approximately KZT 875 billion,” the Government reported.
Significant resources have also been directed toward supporting the agro-industrial sector. Approximately KZT 685 billion was allocated to the development of agriculture and related industries, enabling support for 5,200 agricultural producers across the country.
Large-scale businesses also remain an important focus of the Holding’s activities. Financing has been provided for 380 major projects across various sectors of the economy.
Additional support for investment activity is being provided through Qazaqstan Investment Corporation. Through this institution, five investment projects totaling KZT 51.5 billion have been financed.
Export development remains a key element of the country’s economic policy. Through the Export Credit Agency of Kazakhstan, support was provided to 54 domestic exporters, with a total of KZT 293.5 billion allocated to facilitate their export activities.
Source: inbusiness.kz
