Republic of Kazakhstan: Staff Report for the 2005 Article IV Consultation

July 21, 2005

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Republic of Kazakhstan: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 25, 2024

Summary

The staff report for the 2005 Article IV Consultation on the Republic of Kazakhstan highlights the economic outlook and fiscal policy. Inflation moderated to single-digit levels and confidence in the banking system strengthened, leading to rapid remonetization and significant dedollarization. The conduct of monetary policy has been complicated by the inflows of private capital, surging oil earnings, and buoyant demand conditions. Although Kazakhstan has made considerable progress in the structural area, the pace of reform implementation has slowed. Rapid growth has translated into lower poverty, but social indicators remain weak.

Subject: Banking, Commercial banks, External debt, Financial institutions, Loans, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Banking sector, Broad money, Commercial banks, CR, Fiscal policy, Foreign currency, Gas and mining taxes, GDP deflator, Global, Inflation objective, ISCR, Lending, Loans, Oil, Oil prices, One-off receipt, Receipt, Short-term debt, Tenge, U.S. dollar

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/244
Stock No:

1KAZEA2005003
ISBN:

9781451820973
ISSN:

1934-7685

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