Abstract:
In the context of global economic instability and the need to diversify the
economy, Kazakhstan is actively using the potential of state-owned banks to stimulate investment
in priority sectors. The article provides a comparative analysis of key instruments for supporting
private projects - state programs, credit guarantees and preferential rates - and assesses their
contribution to economic growth. Using the example of the activities of Baiterek JSC, the
Development Bank of Kazakhstan and other institutions, mechanisms for reducing risks for
investors, expanding access to financing and increasing the competitiveness of businesses are
revealed. The results of the study emphasize the need for a balance between government
regulation and market principles for the sustainable development of the Kazakh economy.
