ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 20, 2020 No. 225

About modification and amendments in some decisions of the Government of the Republic of Kazakhstan

The government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed changes and additions which are made to some decisions of the Government of the Republic of Kazakhstan.

2. This resolution becomes effective from the date of its signing and is subject to official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of April 20, 2020 No. 225

Changes and additions which are made to some decisions of the Government of the Republic of Kazakhstan

1. In the order of the Government of the Republic of Kazakhstan of December 11, 2018 No. 820 "About some questions of ensuring long-term tengovy liquidity for the solution of task of available crediting":

in the mechanism of crediting of priority projects approved by the specified resolution:

state Items 1 and 2 in the following edition:

"1. And JSC Agrarian Credit Corporation (further - AKK) in 2018 - 2020 for support of the subjects of private entrepreneurship (further - SChP) performing activities in processing industry and agro-industrial complex will constitute the total amount of financing by National Bank of the Republic of Kazakhstan of banks of the second level (further - BVU) to 1 trillion tenges.

2. Conditions of provision of means of BVU and AKK:

The National Bank of the Republic of Kazakhstan at the expense of own means and means which are in its management will perform acquisition of bonds of BVU and AKK on the amount to 1 trillion tenges from repayment period to 10 years at the remuneration rates to 11% per annum.

BVU and AKK has the right to extinguish ahead of schedule the bonds issued by it on the conditions determined by the prospectus of release (bond issue condition) and approved with National Bank of the Republic of Kazakhstan.

The maximum limit of bonds acquisition on each BVU shall not exceed 70 billion tenges. In case of non-use of limit partially or completely BVU the unused limit can be redistributed among the interested BVU.

Acquisition of bonds of AKK is performed without limit.

The raised and own funds of BVU and AKK shall be directed to financing of priority projects in the following directions:

1) conversion in agro-industrial complex to 200 billion tenges;

2) production in agro-industrial complex to 500 billion tenges;

3) processing industry and services to 300 billion tenges.

Operator on financing of priority projects on production and conversion in agro-industrial complex along with BVU is AKK. Along with direct lending of AKK has the right to accumulate credit partnerships for the subsequent crediting of agricultural producers.

No more than 100 billion tenges will be directed to crediting of the projects directed to carrying out spring and field works on production in agro-industrial complex.

At the same time, on crediting of the projects realized by subjects of small and medium business (further - MSB), will direct at least 200 billion tenges. For this purpose each BVU and AKK will provide financing of the MSB projects in the amount of at least 20% of total amount of the issued credits on the conditions established by this Mechanism of crediting of priority projects (further - the Mechanism).

BVU and AKK can grant loans under the SChP projects at the expense of own means, and also issue bonds for providing or recovery of funding for SChP loans.

In case of receipt of advance funding the period of application of funds, the bonds received from placement, shall not exceed 12 months from the date of their revenues to the account of BVU and AKK.

Purpose of the provided means - crediting of SChP performing activities in processing industry and agro-industrial complex for the purposes of investment and replenishment of current assets. Replenishment of current assets on renewable basis is allowed.

At the same time has the right to direct no more than 50% of the issued borrowing facilities within one project of the borrower to the purposes of replenishment of current assets of BVU and AKK. This restriction does not extend to financing of projects on production and conversion in agro-industrial complex which is performed at the expense of own means of BVU and AKK, and also projects directed to carrying out spring and field works on production in agro-industrial complex regardless of credit financing source. At the same time, the projects directed to carrying out spring and field works on production in agro-industrial complex are financed for the term of no more than 1 year.";

in Item 5:

the sixth to state part in the following edition:

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