The share of value added by small
and medium-sized businesses (SMEs) in Kazakhstan’s economy has reached nearly
40%. The sector is showing strong growth. According to the government, this is
the result of comprehensive measures to support entrepreneurship and the
expansion of financial instruments. For example, a special registry has been
created to improve technologies and attract financing, along with a digital
list of mandatory business requirements. A list of 117 business development
tools has been established, which has been used by around 222,000
entrepreneurs. In addition, the Ministry of National Economy, together with the
EBRD, is working on specific plans for enterprise development. This is expected
to increase production volumes by 2–3 times. Currently, 20 high-potential
enterprises have already been selected, and by 2030, the number of participants
in the program is expected to reach at least 70. The sector has also received
an additional boost from the Orleu preferential financing program, which has
funded over 1,700 projects totaling 482 billion tenge.
«Based on the Damu
Fund, two guarantee funds have been established to expand entrepreneurs’ access
to financing. guarantee fund No. 1 for SMEs covers projects with a value of up to 7 billion tenge,
while guarantee fund No. 2 is aimed at
large investment and infrastructure projects with a value of over 7 billion tenge.
Currently, guarantee fund No. 1 has supported 2,320 projects with a total value of 410 billion
tenge,» said Dinara Tazhenova, Deputy Director of the department at the Kazakh Ministry of National Economy.
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