Republic of Kazakhstan: 2024 Article IV Consultation-Press Release; and Staff Report

January 31, 2025

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International Monetary Fund. Middle East and Central Asia Dept. "Republic of Kazakhstan: 2024 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 030 (2025), accessed March 1, 2025, https://doi.org/10.5089/9798400299483.002

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Summary

After reaching 5.1 percent in 2023, growth is expected to slow to 3.9 percent in 2024, while inflation would decline to 8.2 percent. The banking sector remains resilient amid continued rapid consumer credit growth. A moderate current account deficit is expected this year. The outlook is subject to elevated risks, including from an uncertain external environment. Decisive reforms are necessary to diversify the economy, make growth higher and more inclusive, and address challenges from climate change.

Subject: Economic and financial statistics, Expenditure, Financial Sector Assessment Program, Financial sector policy and analysis, Fiscal policy, Fiscal stance, Government finance statistics

Keywords: Central bank communications, Financial Sector Assessment Program, Fiscal stance, Global, Government finance statistics, IMF TA, IMF's holding, IMF's transparency policy, Inflation pressure, Money-market development, NBK policy rate, Oil revenue, Policy effectiveness

Publication Details

Pages:

66
Volume:

2025
DOI:

https://doi.org/10.5089/9798400299483.002
Issue:

030
Series:

Country Report No. 2025/030
Stock No:

1KAZEA2025001
ISBN:

9798400299483
ISSN:

1934-7685

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