IMF Staff Country Reports

Republic of Kazakhstan: Selected Issues

July 29, 2010

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Republic of Kazakhstan: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Also available in: русский

Summary

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.

Subject: Currency markets, Distressed assets, Financial institutions, Financial markets, Financial sector policy and analysis, Fiscal policy, Fiscal rules, Fiscal stance, Nonperforming loans

Keywords: Anti-crisis spending, Asset, Bank, Bank assets, Capital, Consolidation plan, CR, Currency markets, Derivatives market, Development in Kazakhstan, Distressed assets, E. strengthening regulation, Expenditure rule, Financial market development, Fiscal rules, Fiscal stance, Global, I. resolving Nonperforming loan, Interest rate, ISCR, Kazakhstani bank, Loan, Market, Market infrastructure, Nonperforming loans, NPL resolution, Terms of trade

Publication Details

  • Pages:

    38

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/237

  • Stock No:

    1KAZEA2010001

  • ISBN:

    9781455207220

  • ISSN:

    1934-7685

Notes