3.4.11. The government will continue reforms to create an enabling
regulatory environment and reduce administrative barriers.
3.4.12. By 2022, the share of small and medium-sized businesses in the
country's economy should reach at least 50%.
3.5. State Assets Management and Public-Private Partnerships
3.5.1. In order to introduce systematic and effective management of state
assets, the Government will ensure the full functioning of the inter-agency
automated information system "Unified State Property Register" to complete a full
inventory of all state assets. Electronic trading platforms will be introduced to
increase the transparency and openness of privatization processes and the provision
of state property for rent.
3.5.2. As part of the optimization of the public sector, decisions will be made
on the liquidation and privatization of non-strategic state-owned companies. The
government will review the management system of state-owned companies,
depending on the objectives of state participation in their activities. The state-owned
companies will implement the best practices of corporate governance, the system of
responsibility and motivation of government representatives in government with a
benchmark for improving their effectiveness in the medium term.
3.6. Financial system
3.6.1. Banking system
3.6.1.1. The existing financial system does not adequately meet the
requirements for the accumulation and rational redistribution of resources within
the sectors of the economy.
3.6.1.2. The main task is to further strengthen the banking system, based on
the principle of maximum liberalization. It is necessary to form a stable and reliable
system of financial and credit institutions that can effectively mobilize the country's
domestic financial resources and meet the needs of the population and entrepreneurs
in loans and quality banking services.
3.6.1.3. It is necessary to revise the policy in the banking sector in conditions
of low banking penetration and inadequate financial resources, as well as their high
cost. To expand the participation of banks in lending to a real economy, the
conditions for their activities must be reviewed. To maintain long-term crediting
and liquidity of the banking system, it is necessary to establish mechanisms for
maintaining long-term and operational liquidity in the banking sector. Banking
policy should stimulate lending to the national economy in the national currency.
3.6.1.4. The banking sector will be actively involved in the process of
integrating the financial market within the framework of the construction of the
common market of the EAEC. The priority of the development of the banking sector
will be building the capacity of the financial infrastructure and harmonizing the
20
Select target paragraph3
Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents