Industrial Development Fund JSC has reached another record milestone and a new level of progressive development: the total volume of its leasing and credit portfolio has exceeded 3 trillion tenge.
The systematic expansion of the portfolio and the gradual, consistent achievement of these indicators are attributable to timely and well-considered decisions and the progressive implementation of the Fund's Development Strategy, reflecting the significant expansion of financing for the real sector of the economy as well as the high demand for IDF's instruments.
— The Fund's portfolio is focused on supporting small and medium-sized businesses, which demonstrates the Fund's strategic commitment to entrepreneurship development and the formation of a sustainable economic base. Reaching this portfolio level underscores, the consistent implementation of industrial development programs and the Government's objectives to increase financing for projects in the manufacturing sector. The primary support mechanism employed by the Industrial Development Fund for the industrial and infrastructure sectors is the leasing financing of investment projects, which above all generates a long-term, multiplicative effect for the sustainable economic growth of the Republic. The Fund's portfolio is characterized by high diversification and is aimed at supporting priority sectors of the economy, including the renewal of transport, utility, and industrial infrastructure, — noted Zhanar Ibrasheva, Deputy Chairperson of the Management Board of Industrial Development Fund JSC.
To date, the Industrial Development Fund has supported approximately 170 major investment projects in the industrial sector of the Republic. As a result of their implementation, new machine-building enterprises, manufacturers of garments, household appliances, food products, construction materials, and other goods have been established, contributing to the expansion of the domestic product range, increased localization, and import substitution.
In addition to supporting manufacturing industry projects, the Fund is actively involved in developing the country's transport and logistics potential. With IDF's financial support, over 37,000 units of domestic equipment have been renewed across the country throughout the Fund's entire history of operations - including passenger buses, railway carriages, emergency service vehicles, electric trains, aircraft and helicopters performing search-and-rescue functions, and other transport of various purposes.
Thus, the portfolio volume achieved confirms the Fund's sustained development trajectory, its key role in ensuring financing, and its significant contribution to the sustainable growth of the economy of the Republic of Kazakhstan.
