USAHITMAN Conspiracy News
    Facebook Twitter Instagram
    USAHITMAN Conspiracy NewsUSAHITMAN Conspiracy News
    • Home
    • Featured News
      Featured

      Prince Warned Of 9/11 Attacks In 1998

      9/11 May 7, 2016
      Recent

      Hunter Biden filmed himself smoking crack behind the wheel, driving at 172mph on way to Vegas: photos

      July 2, 2023

      King Charles, Bill Gates Foundation and The OceanGate Missing Submarine – How its connected

      June 22, 2023

      Why Is WEF & Bill Gates-Funded APEEL ON Organic Produce?

      June 18, 2023
    • Conspiracy News
      1. 911 Conspiracy
      2. Big Brother
      3. Police State
      4. NWO
      5. UFOs & ETs
      6. Conspiracy or Not
      7. Freemasonry
      8. Chemtrails
      9. HAARP News
      10. The Unknown
      11. Terrorism
      12. Lies & Hoaxes
      Featured

      Candidate Le Pen’s Political Ad Regarding France from the Year 2011

      Conspiracy or Not July 3, 2023
      Recent

      Candidate Le Pen’s Political Ad Regarding France from the Year 2011

      July 3, 2023

      Justice Department: Misconduct by federal jail guards led to Jeffrey Epstein’s suicide

      June 28, 2023

      The 4th Dimension and the Birth of the Jungle Gym

      June 27, 2023
    • Interesting News
      1. Covid
      2. Deaths
      3. Food & Health News
      4. Economy & Money
      5. Restrictions
      6. Bitcoin News
      7. Our Second Amendment
      8. Science & Space
      9. Much More News
      Featured

      U.S. Navy says it can convert seawater into fuel

      Interesting News April 8, 2014
      Recent

      George Soros’ foundation lays off 40% of workforce after billionaire investor’s son takes over

      July 1, 2023

      Supreme Court rejects affirmative action at colleges as unconstitutional

      June 30, 2023

      Prosecutor Reportedly Told Six Witnesses He Was Not Permitted To Charge Hunter Biden

      June 28, 2023
    • Archived Years
      • 2010 Articles
      • 2011 Articles
      • 2012 Articles
    USAHITMAN Conspiracy News
    Home»More News»Economy & Money»Kazakhstan to forgive debts of the poor, end bank bailouts

    Kazakhstan to forgive debts of the poor, end bank bailouts

    June 28, 20192 Mins Read
    Facebook Twitter Reddit Telegram Email

    In a first major policy announcement, the newly elected president of Kazakhstan Kassym-Jomart Tokayev said he will write off bad loans held by as much as a sixth of the country’s population.

    As part of the debt forgiveness program he aims to end costly state rescues of private banks. The 66-year-old was elected president on June 9 after longtime leader Nursultan Nazarbayev stepped down as head of state in March.

    The Central Asian country has been struggling with a decade-long crisis which forced the government to pump at least $18 billion into lenders as the banking sector was collapsing under the weight of bad debts. Kazakhstan’s central bank is conducting a review of asset quality which prompted speculation that a new round of bailouts could be in the works.

    “My attitude is that there should be no governmental bailouts” for lenders, Tokayev told Bloomberg in an interview. “My assessment of this issue as a president is that the government should not get involved any more, any longer, with its loans as far as private banks are concerned.”

    He noted that while the debt-relief initiative could help lenders, the total cost was likely to come in at “a bit less than $1 billion.”

    According to the Kazakh president, more than three million people in the country of 18 million will get help to get rid of debts. It is aimed at “people who find themselves in very difficult living circumstances,” said Tokayev.

    The presidential administration estimated that about 500,000 people are not able to manage their debt. In 86 percent of cases, the loans are less than 1 million tenge ($2,650), while the average debt is about 300,000 ($788) tenge.

    Talking about past bailouts Tokayev dismissed any political connections, saying “the lesson has been accepted by us.”

    “We will take lessons from the past, from what has happened in the banking system, and I think that in a couple of years you’ll have absolutely new questions,” he added.

    Source

    Bailout Bank Bailout End Forgive Debt Kazakhstan Poor
    Share. Facebook Twitter Pinterest Email Reddit

    Related Posts

    Ukraine could become world’s first cashless economy

    June 29, 2023

    FTX begins talks to relaunch international cryptocurrency exchange

    June 29, 2023

    Russia to legalize cryptocurrency

    June 27, 2023

    Candidate Le Pen’s Political Ad Regarding France from the Year 2011

    July 3, 2023

    Vaccine billionaire’s 3000 per cent gain with surprise bet

    July 3, 2023

    Hunter Biden filmed himself smoking crack behind the wheel, driving at 172mph on way to Vegas: photos

    July 2, 2023

    Millions of Your Taxpayer Dollars Are Going to Fund Foreign Pride Parades and Drag Shows

    July 2, 2023
    Categories
    • 9/11 (108)
    • Big Brother (635)
    • Conspiracy or Not (567)
    • Covid (270)
    • Deaths (71)
    • Economy & Money (953)
    • Featured News (377)
    • Food & Health News (1,146)
    • Fukushima (82)
    • Interesting News (1,956)
    • Lies & Hoaxes (112)
    • More News (2,399)
    • NWO (385)
    • Police State (628)
    • Politics (333)
    • Predictions and Prophecies (43)
    • Random News (2,487)
    • Restrictions (152)
    • Science & Space (953)
    • Second Amendment (129)
    • Secret Societies (112)
    • Survival (67)
    • Terrorism (595)
    • The Unknown (666)
    • UFOs & ETs (388)
    • Vaccine News (237)
    • War News (878)
    • Weather Manipulation (34)
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.