Republic of Kazakhstan: Staff Report for the 2012 Article IV Consultation

July 5, 2012

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Republic of Kazakhstan: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This 2012 Article IV Consultation reports that fiscal and monetary policies have adapted to the economic recovery in the Republic of Kazakhstan. The authorities have appropriately responded to the upswing in the cycle by gradually tightening fiscal policy and sterilizing excess bank liquidity. Directors have commended the authorities’ policies that, together with high commodity prices, yielded a strong economic recovery. Directors have also appreciated the preparation of plans to deal with a possible protracted global slowdown and a decline in oil prices.

Subject: Banking, Distressed assets, External debt, Financial institutions, Financial sector policy and analysis, Inflation, Loans, Oil prices, Prices

Keywords: Accommodative monetary policy stance, Authorities' intention, Central Asia, CR, Distressed assets, Economy, Fiscal policy, Global, Inflation, ISCR, Kazakh economy, Loans, Monetary policy development, Monetary policy transmission mechanism, Oil prices

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/164
Stock No:

1KAZEA2012001
ISBN:

9781475504859
ISSN:

1934-7685

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