Thus, the proposal on debt restructuring as it currently stands foresees considerable concessions to agricultural debtors. It would perform the function of a “bank of the banks” by providing financial resources to commercial banks which will direct them for agricultural loans. This is driven by the desire to strengthen the incentives of commercial banks to engage with agriculture and, in particular, to increase longer-term lending. In principle, this breaks the privileged access of KazAgro’s own credit agencies to budgetary funding.