Republic of Kazakhstan: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2007/235, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2007 Article IV Consultation on the Republic of Kazakhstan focuses on the appropriate policy response to mounting banking sector risks and continuing inflation pressures. Banking sector risks are mounting and inflation remains relatively high. The authorities intend to continue raising policy interest rates gradually. The Financial Supervision Agency’s (FSA) powers have been enhanced and a sizable increase in its resources is expected shortly. Monetary tightening and exchange rate appreciation are needed to contain risks and dampen inflation.

Keywords: ISCR; CR; Kazakhstan; nominal interest rate; bank; tenge; oil revenue management; IMF's view; monetary policy; foreign exchange inflow; foreign currency; EBRD financing; debt ratio; consultants support Kazakh; executive board assessment; return on assets; bank credit; lending program; Loans; Commercial banks; Credit; Global; Eastern Europe (search for similar items in EconPapers)
Pages: 45
Date: 2007-07-10
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