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...
Corporate Author: | |
---|---|
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 |
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 |