Republic of Kazakhstan: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The Republic of Kazakhstan’s 2008 Article IV Consultation shows that banks have lost access to new external financing, credit extension has stalled, and growth has slowed. Nevertheless, Kazakhstan has considerable public financial resources to help it weather the current situation and the country is benefiting from high oil and commodity prices. A realistic assessment of the health of banks needs to be made and steps taken to mitigate risks, including by bolstering capital bases, strengthening bank supervision, and further developing the financial safety net framework.
Series:
Country Report No. 2008/288
Subject:
Banking Credit Exchange rates External debt External position Financial institutions Foreign assets Foreign exchange Loans Money
Notes:
Available also in Russian
English
Publication Date:
August 18, 2008
ISBN/ISSN:
9781451821017/1934-7685
Stock No:
1KAZEA2008002
Pages:
49
Please address any questions about this title to publications@imf.org