Republic of Kazakhstan: Selected Issues

Publication Date:

July 29, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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:

Notes:

Also available in Russian

Frequency:

Quarterly

English

Publication Date:

July 29, 2010

ISBN/ISSN:

9781455207220/1934-7685

Stock No:

1KAZEA2010001

Pages:

38

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