Kazakhstan Recent Economic Developments
This paper reviews economic developments in Kazakhstan during 1994-96. In early 1994, Kazakhstan embarked on an ambitious stabilization program aimed at reducing inflation sharply and implementing structural reforms. This program was based on tight financial policies and a package of structural meas...
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Format: | eBook |
Language: | English |
Published: |
Washington, D.C.
International Monetary Fund
1996
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Series: | IMF Staff Country Reports
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Online Access: | |
Collection: | International Monetary Fund - Collection details see MPG.ReNa |
Summary: | This paper reviews economic developments in Kazakhstan during 1994-96. In early 1994, Kazakhstan embarked on an ambitious stabilization program aimed at reducing inflation sharply and implementing structural reforms. This program was based on tight financial policies and a package of structural measures, including privatization and trade and price liberalization; it was supported by a one-year stand-by arrangement from the IMF, approved in January 1994. However, the stabilization effort was quickly derailed by the authorities' inter-enterprise arrears netting operation that began in February 1994 |
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Physical Description: | 127 pages |
ISBN: | 9781451820768 |