Republic of Kazakhstan: Selected Issues

July 21, 2005

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Republic of Kazakhstan: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This Selected Issues paper on the Republic of Kazakhstan underlies growth of the non-oil sector, fiscal management of oil wealth, and bank credit growth. The share of tradables in the non-oil sector has declined significantly, both in terms of value added and employment, while many nontradable activities, especially services and construction, have expanded. Kazakhstan can sustain non-oil deficits of more than 5 percent of GDP in the near term without reducing the value of oil wealth. Recent developments in the pattern of bank lending and borrowing have led to increased exposure to the property sector and international financial markets.

Subject: Bank credit, Commodities, Credit, Foreign exchange, Money, Oil, Oil, gas and mining taxes, Purchasing power parity, Real exchange rates, Taxes

Keywords: Bank credit, Bank lending, CIS economy, CR, Deficit, Exchange rate, Gas and mining taxes, Global, Growth path, ISCR, Oil, Oil sector, Oil wealth, Purchasing power parity, Real exchange rates, Revenue, Sector growth, Tenge

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/240
Stock No:

1KAZEA2005002
ISBN:

9781451820966
ISSN:

1934-7685

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