Republic of Kazakhstan: Staff Report for the 2001 Article IV Consultation

March 19, 2002

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Republic of Kazakhstan: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 27, 2024

Summary

This 2001 Article IV Consultation for Kazakhstan highlights that real GDP growth in 2001 is expected to be about 13 percent, driven by the strong growth in the petroleum sector and associated spillover effects. Inflation has declined further to 6.4 percent in December (year-over-year). Gross international reserves of the National Bank of Kazakhstan have risen to US$2.5 billion, which provides for about three months of import coverage. The general government surplus is projected to be about 3.3 percent of GDP in 2001, on account of higher oil revenue, but also reflecting economic buoyancy.

Subject: Budget planning and preparation, Commodities, Fiscal policy, Oil, Oil prices, Prices, Public debt, Public financial management (PFM)

Keywords: Balance of payments table, Broad money growth, Budget planning and preparation, CR, ISCR, Kazakh economy, Net, Oil, Oil prices, Reserve money growth target, Tenge, Tenge broad money velocity, Tenge exchange rate

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/063
Stock No:

1KAZEA0012002
ISBN:

9781451820829
ISSN:

1934-7685

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