Republic of Kazakhstan: Selected Issues
Electronic Access:
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Summary:
Kazakhstani banks continue to suffer from a high and rising stock of nonperforming loans. A centralized approach to asset resolution is warranted, and could be based on a reinvigorated Distressed Asset Fund. A robust and transparent public financial management system should be an integral part of any effective fiscal framework. Deeper and sophisticated domestic financial markets will help decline in dollarization and the associated risks. A sound medium-term fiscal framework, supportive monetary and exchange rate policies, and overall financial sector reform is required.
Series:
Country Report No. 2010/237
Subject:
Currency markets Distressed assets Financial institutions Financial markets Financial sector policy and analysis Fiscal policy Fiscal rules Fiscal stance Nonperforming loans
Notes:
Frequency:
Quarterly
English
Publication Date:
July 29, 2010
ISBN/ISSN:
9781455207220/1934-7685
Stock No:
1KAZEA2010001
Pages:
38
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