Kazakh Baiterek state fund borrows $3 billion abroad in 2026 and acts as investment bank

16.02.2026

National Holding Baiterek is implementing a financing model similar to an investment bank. It plans to borrow $3 billion abroad, including from the Middle East through Islamic instruments.

National Holding Baiterek is moving from a traditional model of a provider of state subsidies and loans to a new one, similar to...