Republic of Kazakhstan: Selected Issues

International Monetary Fund

No 2010/237, IMF Staff Country Reports from International Monetary Fund

Abstract: Kazakhstani banks continue to suffer from a high and rising stock of nonperforming loans. A centralized approach to asset resolution is warranted, and could be based on a reinvigorated Distressed Asset Fund. A robust and transparent public financial management system should be an integral part of any effective fiscal framework. Deeper and sophisticated domestic financial markets will help decline in dollarization and the associated risks. A sound medium-term fiscal framework, supportive monetary and exchange rate policies, and overall financial sector reform is required.

Keywords: ISCR; CR; bank; asset; loan; market; capital; Kazakhstani bank; market infrastructure; bank assets; anti-crisis spending; expenditure rule; consolidation plan; terms of trade; Fiscal rules; Nonperforming loans; Distressed assets; Fiscal stance; Currency markets; Global; derivatives market; interest rate; I. resolving Nonperforming loan; financial market development; NPL resolution; development in Kazakhstan; E. strengthening regulation (search for similar items in EconPapers)
Pages: 38
Date: 2010-07-29
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24093 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2010/237

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().