Republic of Kazakhstan: 2009 Article IV Consultation: Staff Report; Supplement; and Public Information Notice on the Executive Board Discussion.

October 6, 2009

Preview Citation

Format: Chicago

Republic of Kazakhstan: 2009 Article IV Consultation: Staff Report; Supplement; and Public Information Notice on the Executive Board Discussion., (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

Kazakhstan’s financial system remains highly stressed despite large-scale government support; the economy is expected to contract in the near future. The staff report for Kazakhstan’s 2009 Article IV Consultation discusses economic developments and policies. Kazakhstan is better placed than many emerging market economies to weather the crisis given its large official foreign currency assets, low public debt, and favorable medium-term prospects. A full and independent assessment of all systemically important banks should be carried out in tandem with the strengthening of regulation and supervision, and the improvement of corporate governance.

Subject: Banking, Commercial banks, External debt, Financial institutions, Loans, Oil prices, Prices, Public debt

Keywords: Balance, Bank, Banking sector, Commercial banks, CR, Current account, Debt, Devaluation, Economy, Foreign currency, Global, ISCR, Loans, Oil prices, Slowing economy, U.S. dollar, Weakening economy

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/300
Stock No:

1KAZEA2009001
ISBN:

9781451821024
ISSN:

1934-7685

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