Kazakhstan: Recent Economic Developments

August 13, 1997

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Kazakhstan: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed November 23, 2024

Summary

This paper reviews economic developments in the Republic of Kazakhstan during 1993–97. During 1993–94, price liberalization was virtually completed, most of the restrictions on foreign trade were eliminated, and a new currency with a unified rate was introduced. At the same time, state orders were phased out and privatization initiated. Since early 1996, the authorities have accelerated privatization, extending it to many large enterprises. Kazakhstan has also taken major steps toward banking and financial sector reform, through withdrawal of bank licenses, bank consolidation, introduction and enforcement of prudential regulations, and enhanced supervision.

Subject: Commercial banks, Economic sectors, Expenditure, Exports, Foreign exchange, International trade, Privatization, Tariffs, Taxes

Keywords: Balance of payments, Baltics, Banking system, Broad money, CR, Eastern Europe, Exchange rate, Exports, First quarter, Foreign direct investment, Foreign exchange, Interest rate, ISCR, Natural monopoly, Privatization, Tariffs, U.S. dollar

Publication Details

Pages:

127
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/067
Stock No:

1KAZEA0011997
ISBN:

9781451820775
ISSN:

1934-7685

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