Republic of Kazakhstan 2006 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

The discussions centered on the needed steps to tighten monetary conditions, curb banks' external borrowing, and reduce banks' vulnerability to a sharp deterioration in the quality of loan portfolios. Strong expansion in oil and non-oil receipts in 2005 permitted continued rapid spending g...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Staff Country Reports
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The discussions centered on the needed steps to tighten monetary conditions, curb banks' external borrowing, and reduce banks' vulnerability to a sharp deterioration in the quality of loan portfolios. Strong expansion in oil and non-oil receipts in 2005 permitted continued rapid spending growth within a sharply increasing surplus position of the overall budget. The authorities recognize that structural reforms to enhance the investment climate are critical for sustaining the non-oil sector's growth prospects. Significant gains in productivity will be required to offset the impact of the inevitable trend real exchange rate appreciation
Physical Description:46 pages
ISBN:9781451820980