On April 18, Industrial Development Fund JSC took part in the Republican Conference on Recycling in Kazakhstan.
The conference was held in the format of a hybrid event, which was attended by Kazakhstani and international speakers - Deputy Chairman of the Management Board of Industrial Development Fund JSC Abaydildin Azat Talgatbekovich, Deputy of the Mazhilis of the Parliament of the Republic of Kazakhstan Smagulov Bauyrzhan Amirzhanovich, Vice-Minister of Ecology and Natural Resources of the Republic of Kazakhstan Aliyev Zhomart Shiyapovich, Deputy Chairman of the Presidium of the NPP RK Atameken Amrin Murat Amangeldievich, General Director of Einoia Cho Hyun Gon, Chairman of the Board of the Association of Recyclers of Kazakhstan and Chairman of the Public Council of KazakhExport JSC Aubakirov Batyrbek Temirtasovich and other representatives of the business community.
At the conference, the Fund's financing tools were presented. The participants also discussed international experience in the development of the waste recycling industry, aspects of the circular economy, legislation in the field of tax rates, instruments for financing and subsidizing small and medium-sized businesses, as well as issues of raw materials and logistics in the field of waste processing.
Following the meeting, the Industrial Development Fund JSC and the Association of Recyclers of Kazakhstan ALE signed a Memorandum of Cooperation, within the framework of which the parties intend to interact on issues of supporting entrepreneurs - recyclers, informing about project financing tools, attracting investments for the implementation of industrial-innovative projects.
In addition, Industrial Development Fund JSC is implementing a financing program for waste processing within the framework of the Concept of the Republic of Kazakhstan's transition to a "green economy."
The program is aimed at supporting domestic enterprises that can receive financing through leasing and lending instruments on the following conditions:
- lease financing period - from 3 to 15 years;
- interest rate - 3%:
- financing currency - tenge;
- own participation of the Lessee - at least 20% of the project cost, of which at least 10% in cash.
