Kazakhstan: Recent Economic Developments

International Monetary Fund

No 1998/084, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Republic of Kazakhstan during 1995–98. Following a cumulative decline of 31 percent during 1992–95, real GDP began to recover in 1996, and the resumption of growth seems to have been firmly established with growth rates of 2 percent being recorded in 1997 and in the first quarter of 1998. At the same time, inflation has fallen continuously since reaching a peak of more than 3,000 percent (annual rate) in mid-1994. By the end of 1997, the rate of price increase had fallen to about 11 percent.

Keywords: ISCR; CR; government; enterprise; proceeds; GDP; oil enterprise restructuring; enterprise reform; privatized enterprise; privatization proceeds; management company; telecommunication company; privatization receipt; privatization program; stage privatization program; financial asset; enterprise arrears; state enterprise; Privatization; Budget planning and preparation; Arrears; Pension spending; Western Europe; Asia and Pacific; unit labor cost; IMF UR Internet; government of the Republic of Kazakhstan; Against U.S. dollar; pension reform in Kazakhstan; Baltics (search for similar items in EconPapers)
Pages: 122
Date: 1998-09-23
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