Development bank of Kazakhstan will be established

/IRBIS, Jan.3, 01/ - The Great Silk Road World News Agency informs, with the reference to the public relations department of the Kazakhstani president, the country's head N. Nazarbaev signed a decree on the Development bank of Kazakhstan (DBK), delegating the government to establish DBK till July 1, 2001. The main purpose of the bank is to finance or act as a guarantor of the projects on expansion and modernization of existing enterprises, establishing new production facilities. The development bank will work as a financial agent of investment projects that are implemented by using the national and local budgets, is said.