President Sadyr Japarov has signed a decree transferring the function of implementing the Cabinet of Ministers' powers to act as a shareholder in the State Mortgage Company. The President's press service made the announcement, stating that the document aims to improve the efficiency of the State Mortgage Company, enhance the mechanism of mortgage lending, and facilitate the implementation of a state program to provide housing for social sector workers, military personnel, and government employees through mortgage lending.
The Cabinet of Ministers has been tasked with:
1) transferring the functions of the Cabinet of Ministers to act as a shareholder in the State Mortgage Company with a 100 percent state share of the shares from the State Property Management Agency to the Presidential Affairs Management;
2) jointly with the Presidential Affairs Management, submitting a draft decision on amending the regulations on the management of presidential affairs, resulting from this decree for consideration.
Additionally, the Presidential Affairs Management, in conjunction with the State Property Management Agency, has been instructed to take the necessary measures arising from this decree, while the Cabinet of Ministers is required to align its decisions accordingly.
