IMF Staff Country Reports

Kazakhstan: Recent Economic Developments

Publication Date:

September 23, 1998

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 1998/084

Subject:

Arrears Budget planning and preparation Economic sectors Expenditure External debt Pension spending Privatization Public financial management (PFM)