State guarantee for 250 billion tenge: how else will Kazakhstani exporters be supported
What Happened
The Board of Directors of Baiterek National Managing Holding approved the issuance of a KZT 250 billion state guarantee for the Export Credit Agency of Kazakhstan (ECA). The funding is intended to expand support for domestic exporters and improve businesses’ access to export financing, according to the Government’s press service.
Details
A meeting of the Board of Directors of JSC Baiterek National Managing Holding was chaired by Prime Minister Olzhas Bektenov. The agenda included attracting financing for investment and infrastructure projects, promoting non-resource exports, and enhancing the effectiveness of state support instruments for the real sector of the economy.
One of the key decisions concerned JSC Export Credit Agency of Kazakhstan. The Board approved a series of interrelated transactions to secure a state guarantee with a term of 10 years.
According to the Government, this measure will increase the Agency’s insurance and guarantee capacity, expand support instruments for non-resource exports, and facilitate access to export financing for businesses.
Benefits for Exporters
By the end of 2026, the portfolio of insurance and guarantee obligations of the Export Credit Agency of Kazakhstan is expected to reach KZT 1.2 trillion. These instruments are designed for companies exporting goods and services abroad, helping them insure risks, obtain guarantees, and secure financing for export contracts.
Other Decisions Approved
The Board of Directors also approved Baiterek Holding’s Sustainable Development Action Plan for 2026–2028. The document outlines measures to promote green and sustainable finance, support low-carbon growth projects, strengthen ESG risk management, and enhance transparency and corporate governance standards.
Additional priorities include social initiatives, human capital development, and the implementation of international ESG best practices.
According to the Government, Baiterek currently incorporates 15 of the 17 United Nations Sustainable Development Goals into its operations. In 2025, the international rating agency Sustainable Fitch upgraded the Holding’s ESG rating from Level 3 to Level 2.
Funding Already Provided to Businesses
Since the beginning of 2026, Baiterek has provided nearly KZT 3 trillion in support to businesses as part of the national objective to channel KZT 8 trillion into the economy.
Support was extended to 2,975 small and medium-sized enterprise projects totaling approximately KZT 875 billion. Around KZT 685 billion was allocated to the agro-industrial sector, benefiting 5,200 agricultural producers.
Large businesses received financing for 380 projects.
Through Qazaqstan Investment Corporation, five investment projects were financed with a total value of KZT 51.5 billion. The Export Credit Agency of Kazakhstan provided KZT 293.5 billion in support to 54 domestic exporters.
Background
Baiterek is Kazakhstan’s national development holding, serving as a key instrument for state support of businesses, exports, the agro-industrial sector, investment projects, and selected areas of infrastructure development. The expansion of the Export Credit Agency’s guarantee capacity is expected to help non-resource companies enter international markets more actively and mitigate risks associated with working with foreign partners.
Source: BES.media
